August Housing Starts in Halifax
(firmenpresse) - HALIFAX, NOVA SCOTIA -- (Marketwire) -- 09/11/12 -- New residential construction in Halifax increased last month compared to August 2011 according to preliminary data(1) released today by Canada Mortgage and Housing Corporation (CMHC). There were 446 housing starts recorded in August compared to 232 last year.
"The increase in residential construction activity last month was largely attributed to an increase in multiple starts, specifically apartment-style construction," said Matthew Gilmore, senior market analyst with CMHC's Atlantic Business Centre. "There were 311 apartment starts recorded in August compared to 124 last year," added Gilmore. "In the single-detached segment of the market, starts increased for the fifth consecutive month to 97 units from 80 last year," said Gilmore.
In urban centres across Canada, total housing starts recorded in August increased 19 per cent to 17,725 units compared to 14,938 a year ago. Single-detached starts decreased five per cent to 6,015 units, while multiple starts increased 36 per cent to 11,710 units in August. In the Atlantic region, 1,112 new units were started compared to 795 during August 2011.
As Canada's national housing agency, CMHC draws on more than 65 years of experience to help Canadians access a variety of high quality, environmentally sustainable and affordable housing solutions. CMHC also provides reliable, impartial and up-to-date housing market reports, analysis and knowledge to support and assist consumers and the housing industry in making informed decisions.
For more information, visit or call 1-800-668-2642. CMHC Market Analysis standard reports are also available free for download at
(1) Figures for the most recent month are preliminary and subject to revisions due to corrections or updates from quarterly enumeration or sampling results.
(Ce document existe egalement en francais)
Contacts:
Matthew Gilmore, Senior Market Analyst
(902) 426-4686
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Datum: 11.09.2012 - 12:15 Uhr
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News-ID 182202
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HALIFAX, NOVA SCOTIA
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