March 2013 Housing Starts in Canada
(firmenpresse) - OTTAWA, ONTARIO -- (Marketwired) -- 04/09/13 -- Housing starts in Canada were trending at 189,742 units in March, according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR)(1) of housing starts.
"As expected, the trend in total housing starts continued to moderate in March. Builders are adjusting to lower housing demand and as a result, completed and unoccupied units per capita remain relatively close to their historical average," said Mathieu Laberge, Deputy Chief Economist at CMHC.
CMHC uses the trend measure as a complement to the monthly SAAR of housing starts to account for considerable swings in monthly estimates and obtain a more complete picture of the state of the housing market. In some situations, analyzing only SAAR data can be misleading in some markets, as they are largely driven by the multiples segment of the markets, which can be quite volatile from one month to the next.
The standalone monthly SAAR was 184,028 units in March, up slightly from 183,207 in February. The SAAR of urban starts decreased by 2.7 per cent in March to 157,217 units, led by a 6.6 per cent decline in single urban starts to 60,558 units. Multiple urban starts remained relatively unchanged at 96,659 units in March.
March's seasonally adjusted annual rates of urban starts decreased in Ontario (-15.7 per cent) and Quebec (-13.5 per cent). Urban starts increased in Atlantic Canada (27.1 per cent), the Prairies (13.8 per cent), and British Columbia (13.1 per cent).
Rural starts(2) were estimated at a seasonally adjusted annual rate of 26,811 units in March.
Preliminary housing starts data is also available in English and French at the following link: .
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.
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Additional data is available upon request.
This release is also available at .
(Ce document existe egalement en francais.)
A graph is available at the following address:
Contacts:
Charles Sauriol
Media Relations, CMHC
613-748-2799
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Datum: 09.04.2013 - 12:13 Uhr
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News-ID 247163
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OTTAWA, ONTARIO
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National
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"March 2013 Housing Starts in Canada"
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