Quebec July 2012 Housing Starts
(firmenpresse) - MONTREAL, QUEBEC -- (Marketwire) -- 08/09/12 -- In Quebec urban centres, the number of housing starts was trending at 43,017 units in July, according to Canada Mortgage and Housing Corporation (CMHC). The trend is a moving average of the monthly seasonally adjusted annual rates (SAAR)(1) total starts data. The standalone monthly SAAR was 44,300 units, up from 43,000 units in June.
"As has been the case since the beginning of the year, the rise in residential construction recorded in Quebec in July was essentially attributable to the multiple housing segment," said Francis Cortellino, Senior Market Analyst at CMHC.
For some markets, 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. Analysing only SAAR data can be misleading in some markets in some situations, as they are largely driven by the multiples segment of the markets which can be quite volatile from one month to the next.
Elsewhere in the country, July's seasonally adjusted annual rate of urban starts increased in Ontario but decreased in Atlantic Canada, British Columbia and the Prairies. In each region, the decrease or increase was mainly due to changes in multiple starts.
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 .
This release is also available at .
A graph is available at the following address:
(Aussi disponible en francais.)
Contacts:
Catherine Leger
CMHC - Communications
514-283-7972
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Datum: 09.08.2012 - 06:15 Uhr
Sprache: Deutsch
News-ID 1140988
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