January 2011 housing starts in vancouver, bc from cmhc

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A report on housing starts in Vancouver, BC during January 2011.

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January 2011 housing starts in vancouver, bc from cmhc

  1. 1. EMBARGO – RELEASE FEBRUARY 8, 2011 AT 8:15 AMJanuary 2011 Housing Starts in Vancouver and AbbotsfordVancouver, February 8, 2011 – Canada Mortgage and Housing Corporation (CMHC) reportsthat housing starts across the Vancouver Census Metropolitan Area (CMA) in January increasedcompared to the same month a year ago, totalling 1,436 homes.Multiple family home starts made up over 85 per cent of the housing starts in the VancouverCMA. Most of these home starts were in Vancouver City, followed by Surrey andBurnaby.“Multiple family projects that were planned by developers during the last year and a halfare beginning to break ground in 2011. We expect to see a number of multiple family projectsbegin construction throughout the various centres in the CMA in 2011,” noted Robyn Adamache,CMHC’s Senior Market Analyst.In the Abbotsford CMA, there were 35 housing starts counted during the first month of 2011,compared to 26 housing starts during the same period twelve months prior.Nationally, the seasonally adjusted annual rate of total housing starts increased marginally to170,400 units in January, from 169,000 units in December. In British Columbia, January’sseasonally adjusted rate of urban housing starts moved lower to 25,700 units from 27,900 unitsin December.As Canadas national housing agency, CMHC draws on more than 60 years of experience tohelp Canadians access a variety of quality, environmentally sustainable and affordable homes.CMHC also provides reliable, impartial and up-to-date housing market reports, analysis andknowledge to support and assist consumers and the housing industry in making vital 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-For further information, please contact:Robyn AdamacheSenior Market AnalystTel (604) 737-4144radamach@cmhc.ca (Ce document existe également en français) …/2* Effective January 2011, data includes market housing on First Nations reserve lands in urban areas.
  2. 2. Vancouver CMA Housing Starts January 2011 Single-Detached Multiples TOTAL 2011 2010 2011 2010 2011 2010 Bowen Island 0 1 0 2 0 3 Burnaby 13 11 139 23 152 34 Coquitlam 7 25 50 80 57 105 Delta 12 7 2 12 14 19 Langley City 2 0 0 0 2 0 Langley District 9 16 48 60 57 76 Maple Ridge 7 26 28 32 35 58 New West 7 4 9 0 16 4 North Van. City 3 0 54 0 57 0 North Van. District 0 3 6 22 6 25 Pitt Meadows 0 3 0 0 0 3 Port Coquitlam 1 0 10 9 11 9 Port Moody 0 2 5 0 5 2 Richmond 14 19 51 20 65 39 Surrey 44 166 189 129 233 295 Vancouver City 50 34 593 200 643 234 West Vancouver 10 5 0 0 10 5 White Rock 1 1 0 0 1 1 Other 0 5 72 0 72 5 Van CMA TOTAL 180 328 1,256 589 1,436 917 TOTAL Change -45% 113% 57% Abbotsford 6 13 20 4 26 17 Mission 9 9 0 0 9 9 Other 0 0 0 0 0 0 Abbotsford CMA 15 22 20 4 35 26 TOTAL Change -32% ** 35% Chilliwack CA 8 29 2 20 10 49 TOTAL Change -72% -90% -80% Source: CMHC Vancouver - Other incl. Anmore, Belcarra, Lions Bay, UEL, Unorgan. Abbotsford - Other incl. Fraser Valley H. * Single Detached refers to single family homes **Multiples refer to semi-detached, townhouse and apartment units *** Per cent change > 100% L o w e r M a in la n d H o u s in g S ta r ts * C h a n g e in U n its 2 0 1 0 - 2 0 1 1 W EST NORTH VANCO UVER VANCO UVER 100% *** T R I-C IT IE S 37% M APLE V A N C O U V E R C IT Y BURNABY & NEW W E S T M IN S T E R R ID G E *** 40% *** M IS S IO N R IC H M O N D 67% SURREY D E L TA ABBOTSFORD 21% LANGLEY 26% 35% 22%J a n u a ry 2 0 1 1*** P e r c e n t ch a n g e > 1 0 0 % W H IT E ROCK
  3. 3. British Columbia - Urban Areas (10,000+ population)Housing Starts (Units ) - B.C., January 2011 Area Single Detached Multiples Total 2010 2011 %Chg. 2010 2011 %Chg 2010 2011 %ChgVancouver CMA 328 180 -45.1% 589 1,256 ** 917 1,436 56.6%Victoria CMA 71 57 -19.7% 177 21 -88.1% 248 78 -68.5%Abbotsford CMA 22 15 -31.8% 4 20 ** 26 35 34.6%Kelowna CA 44 23 -47.7% 117 10 -91.5% 161 33 -79.5%Chilliwack CA 29 8 -72.4% 20 2 -90.0% 49 10 -79.6%Kamloops CA 21 10 -52.4% 6 142 ** 27 152 **Nanaimo CA 54 19 -64.8% 35 14 -60.0% 89 33 -62.9%Prince George CA 4 0 -100.0% 0 0 ## 4 0 -100.0%Vernon CA 15 4 -73.3% 3 0 -100.0% 18 4 -77.8%Other Centres 94 44 -53.2% 53 118 ** 147 162 10.2%Urban B.C. 682 360 -47.2% 1,004 1,583 57.7% 1,686 1,943 15.2%** Per cent change > 100% Source: CMHC ## Undefined

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