Posted: March 10, 2010 at 3:28 pm | Tags: Alexander, Analysis, Atlantic, Bob Dugan, British Columbia, canada, cent, Chief Economist, CMHC, Corporation, February, gain, Housing Market, increase, January, market, Moishe, Mortgage, Ontario, Prairie, Quebec, Rate, segment, Starts, Toronto, Urban
The seasonally adjusted annual rate1 of housing starts reached 196,700 units in February 2010. This is an increase from an annual rate of 185,400 units in January 2010, according to Canada Mortgage and Housing Corporation (CMHC).
Posted by Moishe Alexander
“The gain in February housing starts was concentrated in the multiple starts segment, particularly in Toronto,” said Bob Dugan, Chief Economist at CMHC’s Market Analysis Centre.
The seasonally adjusted annual rate of urban starts increased by 9.0 per cent to 179,100 units in February. Urban multiple starts increased by 19.1 per cent to 89,900 units while single urban starts increased by 0.5 per cent to 89,200 units.
February’s seasonally adjusted annual rate of urban starts increased by 28.6 per cent in Ontario, by 14.3 per cent in Atlantic Canada, by 10.8 per cent in the Prairie region and by 8.0 per cent in British Columbia. In Quebec, the seasonally adjusted annual rate of urban starts decreased by 14.1 per cent.
Posted: September 15, 2009 at 8:14 am | Tags: Affordable, Alexander View, Atlantic, Burin, canada, Clyde Jackman, CMHC, Diane Finley, Funding, government, Housing Market, Kinsmen, Labrador, Manor, MARYSTOWN, Minister Jackman, Minister Responsible, Newfoundland, Peter MacKay, Program, Provincial, Russ Murphy, Seniors, Trevor Taylor
MARYSTOWN, NL, September 14, 2009 — Seniors in the Burin Peninsula now have access to a new affordable housing complex built by the Marystown Kinsmen, as a result of $600,000 in federal and provincial funding under the Canada – Newfoundland and Labrador Affordable Housing Program, which is equally cost-shared.
The Honourable Clyde Jackman, Member of the House of Assembly for Burin – Placentia West, on behalf of the Honourable Trevor Taylor, Minister of Transportation and Works and Minister Responsible for Newfoundland Labrador Housing, presided over the opening ceremony today.
“We are dedicated to helping vulnerable Canadians access suitable, affordable housing,” said the Honourable Peter MacKay, Minister of National Defence and Minister for the Atlantic Gateway, on behalf of the Honourable Diane Finley, Minister of Human Resources and Skills Development Canada and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC). “Our Government will continue to invest in improvements to existing social housing both in Newfoundland and Labrador and across Canada, as a means to stimulate our economy during the global recession.”
“The construction of this housing complex provides seniors in the Burin area the opportunity to receive housing assistance that meets their current needs, and still remain close to family and friends,” said Minister Jackman. “The Provincial Government recently released a new long-term vision for social housing, entitled A Social Housing Plan for Newfoundland and Labrador — Secure Foundations. The Marystown Kinsmen Manor for Seniors is an excellent example of strengthened partnerships in action, and how such partnerships can help attain our goal of providing more viable and affordable housing options for lower-income households throughout the province.”
The Marystown Kinsmen Manor for Seniors consists of two, one-bedroom units and four, two-bedroom units, one of which is fully accessible. In addition to the funding provided under the Canada – Newfoundland and Labrador Affordable Housing Program, CMHC also provided $20,000 in seed funding to Marystown Kinsmen during the initial planning stages.
“We are extremely proud of this project,” said Russ Murphy, Secretary of the Board for the Manor. “It’s a very rewarding feeling to be part of a project that you know will help to make a positive difference in people’s lives.”
In Budget 2009: Building on Our Strong Foundation, the Provincial Government committed $23.6 million for housing investments throughout the province for items such as social housing renovations, energy retrofits, and social housing units for low-income seniors. Additionally, the Federal and Provincial Governments recently announced a joint investment of $93 million to build new and renovate existing affordable housing over the next two years. Overall, the provincial contribution is $50 million, and the federal government is contributing a further $43 million.
Last fall, the Government of Canada committed more than $1.9 billion over the next five years to improve and build new affordable housing and to help the homeless. Canada’s Economic Action Plan builds on this with an additional one-time investment of more than $2 billion over two years in new and existing social housing and lending of up to another $2 billion to municipalities for housing-related infrastructure.
CMHC has been Canada’s national housing agency for more than 60 years. CMHC is committed to helping Canadians access a wide choice of quality, affordable homes and making vibrant and sustainable communities and cities a reality across the country.
Posted: September 9, 2009 at 11:07 am | Tags: Alexander Reports, Analysis, Atlantic, August, Bob Dugan, British Columbia, canada, Chief Economist, CMHC, Corporation, Housing Market, improvement, market, Moishe, Mortgage, Ontario, quarter, Quebec, Rate, Starts
The seasonally adjusted annual rate of housing starts increased to 150,400 units in August from 134,200 units in July, according to Canada Mortgage and Housing Corporation (CMHC).
“Housing starts are trending higher, reflecting improvements in both the single and multiple segments,” said Bob Dugan, Chief Economist at CMHC’s Market Analysis Centre. “The improvement in housing starts is consistent with our expectation of a stronger second half for 2009.”
The seasonally adjusted annual rate of urban starts increased by 14.0 per cent to 131,800 units in August. Urban multiple starts increased by 23.8 per cent to 77,600 units, while urban single starts moved up 2.5 per cent to 54,200 units in August.
August’s seasonally adjusted annual rate of urban starts increased by 56.0 per cent in British Columbia, by 16.1 per cent in the Prairies, by 13.8 per cent in Ontario, by 9.6 per cent in Atlantic Canada, and by 2.5 per cent in Quebec.
Rural starts were estimated at a seasonally adjusted annual rate of 18,600 units in August.
As Canada’s national housing agency, CMHC draws on more than 60 years of experience to help Canadians access a variety of quality, environmentally sustainable and affordable homes. 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 vital decisions.
For more information, call 1-800-668-2642.
All starts figures in this release, other than actual starts, are seasonally adjusted annual rates (SAAR) — that is, monthly figures adjusted to remove normal seasonal variation and multiplied by 12 to reflect annual levels.
CMHC estimates the level of rural starts for each of the three months of the quarter, at the beginning of each quarter. During the last month of the quarter, CMHC conducts the survey in rural areas and revises the estimate.