Vancouver housing starts february 2011
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Vancouver housing starts february 2011 Vancouver housing starts february 2011 Document Transcript

  • EMBARGO – RELEASE MARCH 8, 2011 AT 8:15 AMFEBRUARY HOUSING STARTS IN VANCOUVERVANCOUVER, MARCH 8, 2011 – Canada Mortgage and Housing Corporation (CMHC) reportsthat there were 1,414 housing starts in the Vancouver Census Metropolitan Area (CMA) inFebruary, a slight increase from the same month a year ago. Strength in multiple unit housingstarts, which include apartments, town homes and semi-detached homes, accounted for themajority of housing starts.“Over 85 per cent of housing starts were multi-family in February,” noted Robyn Adamache,CMHC’s Senior Market Analyst. “The majority of these starts were in Richmond, Coquitlam, andSurrey, areas with easy access to major transportation routes and public transit and home pricesthat are less expensive than found in the urban core, specifically the City of Vancouver.”The Abbotsford CMA had 25 housing starts in February, down slightly from 37 starts recordedduring the same month a year ago.Nationally, the seasonally adjusted annual rate1 of total housing starts increased to 181,900units in February, from 170,600 units in January. In British Columbia, February’s seasonallyadjusted rate of urban housing starts moved lower to 24,100 units from 25,600 units in theprevious month.As Canadas national housing agency, CMHC draws on 65 years of experience to helpCanadians 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-Preliminary housing starts numbers are summarized in the attached tables.For further information, please contact: Robyn Adamache, Senior Market AnalystTel (604) 737-4144 Cell (604) 787-9659 radamach@cmhc.ca(Ce document existe également en français)1 Seasonally-adjusted annual rates (SAARs) are monthly housing starts figures adjusted to remove normalseasonal variation and multiplied by 12 to reflect annual levels. This facilitates the comparison of thecurrent pace of activity to annual forecasts as well as to historical annual levels.
  • Vancouver CMA Housing Starts FEBRUARY 2011 YEAR-TO-DATE FEBRUARY 2011 Single-Detached* Multiples** TOTAL Single-Detached Multiples TOTAL 2011 2010 2011 2010 2011 2010 2011 2010 2011 2010 2011 2010Bowen Island 0 0 0 0 0 0 Bowen Island 0 1 0 2 0 3Burnaby 11 25 22 8 33 33 Burnaby 24 36 161 31 185 67Coquitlam 4 25 268 109 272 134 Coquitlam 11 50 318 189 329 239Delta 3 18 0 2 3 20 Delta 15 25 2 14 17 39Langley City 0 0 0 0 0 0 Langley City 2 0 0 0 2 0Langley District 15 13 27 45 42 58 Langley District 24 29 75 105 99 134Maple Ridge 25 23 0 0 25 23 Maple Ridge 32 49 28 32 60 81New West 7 8 35 0 42 8 New West 14 12 44 0 58 12North Van. City 2 0 66 4 68 4 North Van. City 5 0 120 4 125 4North Van. District 2 1 6 0 8 1 North Van. District 2 4 12 22 14 26Pitt Meadows 0 2 71 0 71 2 Pitt Meadows 0 5 71 0 71 5Port Coquitlam 1 0 0 0 1 0 Port Coquitlam 2 0 10 9 12 9Port Moody 0 1 0 0 0 1 Port Moody 0 3 5 0 5 3Richmond 20 22 400 171 420 193 Richmond 34 41 451 191 485 232Surrey 55 174 241 125 296 299 Surrey 99 340 430 254 529 594Vancouver City 49 31 75 584 124 615 Vancouver City 99 65 668 784 767 849West Vancouver 7 9 0 0 7 9 West Vancouver 17 14 0 0 17 14White Rock 0 0 0 2 0 2 White Rock 1 1 0 2 1 3Other 2 0 0 0 2 0 Other 2 5 72 0 74 5Van CMA TOTAL 203 352 1,211 1,050 1,414 1,402 Van CMA TOTAL 383 680 2,467 1,639 2,850 2,319TOTAL Change -42% 15% 1% TOTAL Change -44% 51% 23%Abbotsford 8 14 13 13 21 27 Abbotsford 14 27 33 17 47 44Mission 4 10 0 0 4 10 Mission 13 19 0 0 13 19Other 0 0 0 0 0 0 Other 0 0 0 0 0 0Abbotsford CMA 12 24 13 13 25 37 Abbotsford CMA 27 46 33 17 60 63TOTAL Change -50% 0% -32% TOTAL Change -41% 94% -5%Chilliwack CA 7 37 7 27 14 64 Chilliwack CA 15 66 9 47 24 113TOTAL Change -81% -74% -78% TOTAL Change -77% -81% -79% source CMHC source CMHCVancouver - Other incl. Anmore, Belcarra, Lions Bay, UEL, Unorgan., Indian Reserves.Abbotsford - Other incl. Indian Reserves.* Single Detached refers to single family homes.**Multiples refer to semi-detached, townhouse and apartment units.Effictive January 2011, data includes market housing on First Nations reserve lands in urban areas. L o w e r M a in la n d H o u s in g S t a r t s * C h a n g e in U n it s 2 0 1 0 - 2 0 1 1 W EST NORTH VANCOUVER VANCO UVER 21% ## T R I- C IT IE S 38% 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 10% 26% ## M IS S IO N R IC H M O N D ## SURREY D E L TA ABBOTSFO RD 11% LANGLEY 56% 5% 25% *J a n u a ry - F e b ru a ry 2 0 1 1 W H IT E ROCK
  • British Columbia - Urban Areas (10,000+ population)Housing Starts (Units ) - B.C., February 2011 Area Single Detached Multiples Total 2010 2011 %Chg. 2010 2011 %Chg 2010 2011 %ChgVancouver CMA 352 203 -42.3% 1050 1211 15.3% 1,402 1,414 0.9%Victoria CMA 85 38 -55.3% 43 36 -16.3% 128 74 -42.2%Abbotsford CMA 24 12 -50.0% 13 13 0.0% 37 25 -32.4%Kelowna CMA 34 20 -41.2% 10 38 ** 44 58 31.8%Chilliwack CA 37 7 -81.1% 27 7 -74.1% 64 14 -78.1%Kamloops CA 20 12 -40.0% 4 4 0.0% 24 16 -33.3%Nanaimo CA 29 16 -44.8% 30 69 ** 59 85 44.1%Prince George CA 6 3 -50.0% 0 36 ## 6 39 **Vernon CA 16 5 -68.8% 2 1 -50.0% 18 6 -66.7%Other Centres 93 48 -48.4% 50 73 46.0% 143 121 -15.4%Urban B.C. 696 364 -47.7% 1,229 1,488 21.1% 1,925 1,852 -3.8%** Per cent change > 100% source: CMHC## UndefinedHousing Starts (units) - Urban B.C., January - February 2011 Area Single Detached Multiples Total 2010 2011 %Chg. 2010 2011 %Chg 2010 2011 %ChgVancouver CMA 680 383 -43.7% 1,639 2,467 50.5% 2,319 2,850 22.9%Victoria CMA 156 95 -39.1% 220 57 -74.1% 376 152 -59.6%Abbotsford CMA 46 27 -41.3% 17 33 94.1% 63 60 -4.8%Kelowna CMA 78 43 -44.9% 127 48 -62.2% 205 91 -55.6%Chilliwack CA 66 15 -77.3% 47 9 -80.9% 113 24 -78.8%Kamloops CA 41 22 -46.3% 10 146 ** 51 168 **Nanaimo CA 83 35 -57.8% 65 83 27.7% 148 118 -20.3%Prince George CA 10 3 -70.0% 0 36 ## 10 39 **Vernon CA 31 9 -71.0% 5 1 -80.0% 36 10 -72.2%Other Centres 187 92 -50.8% 103 191 85.4% 290 283 -2.4%Urban B.C. 1,378 724 -47.5% 2,233 3,071 37.5% 3,611 3,795 5.1%** Per cent change > 100% source: CMHC## Undefined