Vancouver housing starts march 2011

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  • 1. EMBARGO – RELEASE APRIL 8, 2011 AT 8:15 AMMARCH HOUSING STARTS IN VANCOUVER CMAVANCOUVER, April 8, 2011 – Canada Mortgage and Housing Corporation (CMHC) reports thatMarch 2011 housing starts in the Vancouver Census Metropolitan Area (CMA) increasedcompared to the same month a year ago, totalling 958 homes. Most of these home starts werelocated in the Surrey, Richmond and the City of Vancouver.“Multiple family home starts made up the majority of housing starts in the CMA during the firstquarter,” noted Robyn Adamache, CMHC’s Senior Market Analyst.An increase in multiple family home starts had the Abbotsford CMA record 107 housing starts inMarch, up from the 44 housing starts recorded during the same month a year ago.Nationally, the seasonally adjusted annual rate1 of total housing starts increased to 188,800units in March, from 183,700 units in February. In British Columbia, March’s seasonally adjustedrate of urban housing starts moved lower to 18,000 units from 23,500 units in the previousmonth.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) …/21 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.
  • 2. Vancouver CMA Housing Starts MARCH YEAR-TO-DATE Single-Detached* Multiples** TOTAL Single-Detached Multiples TOTAL 2011 2010 2011 2010 2011 2010 2011 2010 2011 2010 2011 2010Bowen Island 1 0 0 2 1 2 Bowen Island 1 1 0 4 1 5Burnaby 14 25 10 163 24 188 Burnaby 38 61 171 194 209 255Coquitlam 1 4 7 18 8 22 Coquitlam 12 54 325 207 337 261Delta 13 17 4 11 17 28 Delta 28 42 6 25 34 67Langley City 0 0 0 0 0 0 Langley City 2 0 0 0 2 0Langley District 13 14 28 32 41 46 Langley District 37 43 103 137 140 180Maple Ridge 22 34 0 20 22 54 Maple Ridge 54 83 28 52 82 135New West 2 5 0 2 2 7 New West 16 17 44 2 60 19North Van. City 1 0 6 4 7 4 North Van. City 6 0 126 8 132 8North Van. District 3 3 0 0 3 3 North Van. District 5 7 12 22 17 29Pitt Meadows 0 0 0 0 0 0 Pitt Meadows 0 5 71 0 71 5Port Coquitlam 0 0 0 0 0 0 Port Coquitlam 2 0 10 9 12 9Port Moody 2 0 0 6 2 6 Port Moody 2 3 5 6 7 9Richmond 21 18 253 30 274 48 Richmond 55 59 704 221 759 280Surrey 87 174 228 49 315 223 Surrey 186 514 658 303 844 817Vancouver City 51 79 174 68 225 147 Vancouver City 150 144 842 852 992 996West Vancouver 11 5 0 0 11 5 West Vancouver 28 19 0 0 28 19White Rock 0 0 6 29 6 29 White Rock 1 1 6 31 7 32Other 0 5 0 62 0 67 Other 2 10 72 62 74 72Van CMA TOTAL 242 383 716 496 958 879 Van CMA TOTAL 625 1,063 3,183 2,135 3,808 3,198TOTAL Change -37% 44% 9% TOTAL Change -41% 49% 19%Abbotsford 9 22 87 10 96 32 Abbotsford 23 49 120 27 143 76Mission 11 12 0 0 11 12 Mission 24 31 0 0 24 31Other 0 0 0 0 0 0 Other 0 0 0 0 0 0Abbotsford CMA 20 34 87 10 107 44 Abbotsford CMA 47 80 120 27 167 107TOTAL Change -41% ## ## TOTAL Change -41% ## 56%Chilliwack CA 26 30 8 22 34 52 Chilliwack CA 41 96 17 69 58 165TOTAL Change -13% -64% -35% TOTAL Change -57% -75% -65% 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.##: Per cent change > 100% Lower Mainland Housing Starts* Change in Units 2010- 2011 WEST NORTH VANCOUVER VANCOUVER 47% ## TRI-CITIES 28% MAPLE VANCOUVER CITY BURNABY & NEW WESTMINSTER RIDGE = 2% 39% MISSION RICHMOND ## SURREY DELTA ABBOTSFORD 3% LANGLEY 49% 56% 22% January - March 2011 ##: Per cent change > 100% W HITE ROCK