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Related Links: National Archive 2001 Archive January 2001 February 2001 March 2001 April 2001 May 2001 June 2001 July 2001 August 2001 September 2001 October 2001 November 2001 December 2001    |
 
Housing Starts Up in AprilOTTAWA, Ontario, May 8, 2001 — The seasonally adjusted annual rate* of housing starts in Canada rose 3.1 per cent in April to 162,300 units compared with 157,400 units in March, according to Canada Mortgage and Housing Corporation (CMHC). April's urban multiple starts were up 15.2 per cent to an annual rate of 65,800 units compared with 57,100 in March, due to more starts in the Atlantic, Prairies, and British Columbia. Urban single starts fell 5.8 per cent to an annual rate of 74,300 from 78,900 units the previous month. Housing starts in rural areas were estimated at an annual rate of 22,200 units. "Overall home-building remains strong, with gains in apartment starts offsetting drops in single detached starts", said John-John D'Argensio, an economist at CMHC's Market Analysis Centre. "Most market indicators point to sustained residential construction activity over the next few months". * All starts figures in this release are seasonally adjusted annual rates (SAAR), that is, raw monthly figures adjusted to remove normal seasonal variation and multiplied by 12 to reflect an annual pace. Other CMHC local and provincial releases may present analysis using raw figures.
News source: Canada Mortgage and Housing Corporation (CMHC)
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