MONCTON, NEW BRUNSWICK--(Marketwire - Sept. 11, 2012) - Residential construction activity in New Brunswick's urban centres was up in August according to figures released today by Canada Mortgage and Housing Corporation (CMHC). Preliminary data1 indicate that a total of 268 starts were recorded during the month compared to 182 starts for the same period in 2011.
"The year-over-year increase in residential construction activity observed in August was mostly the result of strong construction activity in the rental market, particularly in the Fredericton CA," said Claude Gautreau, CMHC's senior market analyst for New Brunswick. Overall, there were 141 multiple starts recorded in provincial urban centres in August of this year compared to 70 multiple starts last year. Single starts were also up in August, with a 13 per cent, year-over-year increase to 127 units.
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 www.cmhc.ca or call 1-800-668-2642. CMHC Market Analysis standard reports are also available free for download at CMHC Housing Market Information.
|1 Figures for the most recent month are preliminary and subject to revisions due to corrections or updates from quarterly enumeration or sampling results.
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|PRELIMINARY URBAN MONTHLY HOUSING STARTS NEW BRUNSWICK SUMMARY|
| || || || || || || || |
| ||AUGUST||AUGUST||% Change|| ||YEAR-TO-DATE||% Change|| |
| ||2012||2011|| || ||2012||2011|| || |
| ||ALL URBAN CENTRES WITH POPULATIONS > 50,000|| |
|SAINT JOHN CMA|| || || || || || || || |
|MONCTON CMA|| || || || || || || || |
|FREDERICTON CA|| || || || || || || || |
| ||ALL URBAN CENTRES WITH POPULATION >10,000*|| |
|ALL CENTRES|| || || || || || || || |
|Figures for the most recent month are preliminary and subject to revisions due to corrections or updates from quarterly enumeration or sampling results.|
|* Includes all centres with a total population of more than 10,000 (Saint John CMA, Moncton CMA, Fredericton CA, Bathurst CA, Campbellton CA, Edmundston CA, and Miramichi CA).|
|## Indicates changes in excess of 100% which are not reported due to volatility resulting from small absolute numbers.|