OTTAWA, ON - Canadian housing rose 2.4% to 222,700 units on a seasonally adjusted average in June, according to Canada Mortgage and Housing Corporation (CMHC).
“The monthly increase posted in June was mainly attributable to multiple urban starts in Québec and British Columbia," said Mathieu Laberge, deputy chief economist at CMHC’s Market Analysis Centre. "The rate of starts, however, remains close to the six-month average. CMHC still expects the pace of housing starts to moderate as the year progresses.”
On a regional basis, CMHC said the seasonally adjusted annual rate of urban starts in June increased by 7.7% in Atlantic Canada, by 17.3% in Québec and by 31.2% in British Columbia. Urban starts decreased by 6.9% in the Prairies and by 9.0% in Ontario.
| Actual | SAAR | |||
|---|---|---|---|---|
| June 2011 | June 2012 | May 2012 | June 2012 |
|
| Source: CMHC *Seasonally adjusted annual rates **Urban centres with a population of 10,000 and over Detailed data available upon request. |
||||
| Revised | Preliminary | Revised | Preliminary | |
| Canada, all areas | 18,494 | 20,327 | 217,400 | 222,700 |
| Canada, rural areas | 2,250 | 2,183 | 22,900 | 23,200 |
| Canada, urban centres** | 16,244 | 18,144 | 194,500 | 199,500 |
| Canada, singles, urban centres | 7,287 | 6,923 | 67,700 | 67,500 |
| Canada, multiples, urban centres | 8,957 | 11,221 | 126,800 | 132,000 |
| Atlantic region, urban centres | 1,055 | 1,121 | 9,100 | 9,800 |
| Quebec, urban centres | 3,816 | 3,967 | 36,500 | 42,800 |
| Ontario, urban centres | 6,648 | 6,258 | 77,700 | 70,700 |
| Prairie region, urban centres | 2,866 | 3,843 | 45,200 | 42,100 |
| British Columbia, urban centres | 1,859 | 2,955 | ||
Rich Christianson is Associate Publisher and Editor at Large of Woodworking Network. During his 25+ years covering the wood products industry, Rich has toured hundreds of manufacturing plants throughout North America, Europe and Asia. His reporting has covered everything from the state of the industry and impact of wood imports to technology and environmental issues. In his current capacity he is responsible for editing the daily Woodworking Network Update newsletter and coordinating events including the annual Cabinets & Closets Conference & Expo and Canada’s biennial Woodworking Machinery & Supply Expo.
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