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February 2012 Housing Starts in Metro Vancouver
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February 2012 Housing Starts in Metro Vancouver

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  • 1. FOR IMMEDIATE RELEASE February Housing Starts in Metro VancouverVANCOUVER, March 8, 2012 – Canada Mortgage and Housing Corporation (CMHC) reports1,870 housing starts in February 2012 in the Vancouver Census Metropolitan Area (CMA),compared to 1,414 starts the same month a year ago. Strength in multiple-family constructionaccounted for the majority of housing starts.“Nearly 90 per cent of housing starts were multiple-family homes,” noted Robyn Adamache,CMHC Senior Market Analyst. “Apartment starts accounted for the year-over-year increase,while starts of other housing types were slightly below levels recorded in February last year.”Most home starts were in the cities of: Vancouver, New Westminster, Port Moody, and NorthVancouver.An increase in townhouse starts boosted construction in the Abbotsford-Mission CMA, where 64housing starts were reported, up from 25 starts recorded in February 2011.As Canadas national housing agency, CMHC draws on more than 65 years of experience tohelp Canadians access a variety of quality, environmentally sustainable and affordable housingsolutions. 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 makinginformed decisions.For more information, and to download CMHC’s housing reports, please visit CMHC’s website atwww.cmhc.ca/housingmarketinformation or call 1-800-668-2642. -30-Preliminary housing starts numbers are summarized in the attached tables.For further information, please contact:Robyn AdamacheSenior Market AnalystTelephone (604) 737-4144Cell (604) 787-9659radamach@cmhc.ca(Ce document existe également en français)
  • 2. Vancouver CMA Housing Starts FEBRUARY YEAR-TO-DATE FEBRUARY Single Detached¹ Multiple-family² TOTAL Single Detached¹ Multiple-family² TOTAL 2011 2012 2011 2012 2011 2012 2011 2012 2011 2012 2011 2012Bowen Island 0 2 0 0 0 2 Bowen Island 0 2 0 0 0 2Burnaby 11 19 22 4 33 23 Burnaby 24 37 161 352 185 389Coquitlam 4 11 268 148 272 159 Coquitlam 11 27 318 242 329 269Delta 3 1 0 4 3 5 Delta 15 2 2 14 17 16Langley City 0 2 0 0 0 2 Langley City 2 2 0 0 2 2Langley District 15 7 27 26 42 33 Langley District 24 24 75 65 99 89Maple Ridge 25 8 0 77 25 85 Maple Ridge 32 27 28 77 60 104New West 7 4 35 188 42 192 New West 14 6 44 190 58 196North Van. City 2 3 66 178 68 181 North Van. City 5 5 120 182 125 187North Van. District 2 5 6 0 8 5 North Van. District 2 10 12 30 14 40Pitt Meadows 0 1 71 0 71 1 Pitt Meadows 0 1 71 0 71 1Port Coquitlam 1 0 0 0 1 0 Port Coquitlam 2 1 10 11 12 12Port Moody 0 2 0 188 0 190 Port Moody 0 3 5 198 5 201Richmond 20 18 400 48 420 66 Richmond 34 48 451 80 485 128Surrey 55 49 241 119 296 168 Surrey 99 122 430 212 529 334Vancouver City 49 43 75 529 124 572 Vancouver City 99 121 668 1,134 767 1,255West Vancouver 7 18 0 154 7 172 West Vancouver 17 23 0 154 17 177White Rock 0 2 0 12 0 14 White Rock 1 3 0 19 1 22Other† 2 0 0 0 2 0 Other† 2 0 72 0 74 0Van CMA TOTAL 203 195 1,211 1,675 1,414 1,870 Van CMA TOTAL 383 464 2,467 2,960 2,850 3,424TOTAL Change -4% 38% 32% TOTAL Change 21% 20% 20%Abbotsford City 8 13 13 48 21 61 Abbotsford City 14 21 33 50 47 71Mission 4 3 0 0 4 3 Mission 13 7 0 2 13 9Other‡ 0 0 0 0 0 0 Other‡ 0 0 0 0 0 0Abbotsford-Mission CMA 12 16 13 48 25 64 Abbotsford-Mission CMA 27 28 33 52 60 80TOTAL Change 33% *** *** TOTAL Change 4% 58% 33%Chilliwack CA 7 16 7 0 14 16 Chilliwack CA 15 21 9 10 24 31TOTAL Change *** -100% 14% TOTAL Change 40% 11% 29%Source: CMHC Source: CMHC¹ Single Detached refers to single family homes.² Multiples refers to semi detached, townhouse, and apartment units.† Includes Anmore, Belcarra, Lions Bay, University Endowment Lands, Unorgan., and Indian Reserves‡ Includes Indian ReservesEffective January 2011, data includes market housing on First Nations reserve lands in urban areas.*** Per cent change >100%## Undefined