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July 2016 Housing Starts in Montréal

MONTRÉAL, August 9, 2016 — Housing starts in the Montréal census metropolitan area (CMA) were trending at 15,621 units in July compared to 15,056 in June according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts.

“The trend in housing starts in the Montréal CMA held relatively steady in July. This stability concealed, however, a slight increase in condominium construction and a decrease in activity in the rental housing sector,” said Tania Bourassa-Ochoa, CMHC’s Senior Market Analyst for the Gatineau area.

CMHC uses the trend measure as a complement to the monthly SAAR of housing starts to account for considerable swings in monthly estimates and obtain a more complete picture of the state of the housing market. In some situations, analyzing only SAAR data can be misleading in some markets, as they are largely driven by the multiples segment of the markets, which can be quite variable from one month to the next.

The stand-alone monthly SAAR was 15,366 units in July, down from 16,906 in June.

Preliminary housing starts data is also available in English and French at the following link: Preliminary Housing Starts Tables.

As Canada’s authority on housing, CMHC contributes to the stability of the housing market and financial system, provides support for Canadians in housing need, and offers objective housing research and information to Canadian governments, consumers and the housing industry.

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Information on This Release:

Media Contact:
Catherine Léger
514-283-7972
cleger@cmhc.ca

Additional data is available upon request.

hs-montreal-en

*SAAR: Seasonally Adjusted Annual Rate

Preliminary Housing Start Data July 2016  
Montréal CMA1 June 2016 July 2016
Trend2 15,056 15,621
SAAR 16,906 15,366
  July 2015 July 2016
Actual    
July — Single-detached 277 261
July — Multiples 1,942 1,090
July — Total 2,219 1,351
January to July — Single-detached 1,380 1,437
January to July — Multiples 7,513 7,424
January to July — Total 8,893 8,861

Source: CMHC
1 Census Metropolitan Area
2 The trend is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR). By removing seasonal ups and downs, seasonal adjustment allows for comparison of adjacent months and quarters. The monthly and quarterly SAAR and trend figures indicate the annual level of starts that would be obtained if the same pace of monthly or quarterly construction activity was maintained for 12 months. This facilitates comparison of the current pace of activity to annual forecasts as well as to historical annual levels.
Detailed data available upon request

Montreal Preliminary Actual Housing Start Data by Intended Market
July 2015 – 2016
Montreal, CMA1 Freehold-Single2 Freehold-Multi2 Rental Condo Total
  2015 2016 2015 2016 2015 2016 2015 2016 2015 2016
Montreal Island 18 22 6 8 183 38 212 418 419 486
Laval 26 11 8 14 309 10 120 227 463 262
North-Shore 118 115 22 49 760 108 117 47 1,017 319
South-Shore 79 81 45 62 75 41 36 24 235 208
Vaudreuil-Soulanges 36 32 20 15 0 6 29 23 85 76
Total Montreal CMA Starts 277 261 101 148 1,327 203 514 739 2,219 1,351

Source: CMHC
1 Census Metropolitan Area
2 Freehold homes refer to dwellings where the owner also holds the title of ownership to the land (single-detached houses and the following multiple-unit housing types: semi-detached houses, row homes and duplexes).
Detailed data available upon request.

Montreal Preliminary Actual Housing Start Data by Intended Market
Year to Date / 2015 – 2016
Montreal, CMA1 Freehold-Single2 Freehold-Multi2 Rental Condo Total
  2015 2016 2015 2016 2015 2016 2015 2016 2015 2016
Montreal Island 78 81 75 102 321 1,602 1,634 1,436 2,108 3,221
Laval 110 96 76 51 518 84 263 570 967 801
North-Shore 652 677 201 294 1,404 792 632 723 2,889 2,486
South-Shore 372 413 256 409 1,199 557 754 587 2,581 1,966
Vaudreuil-Soulanges 168 170 66 85 62 64 52 68 348 387
Total Montreal CMA Starts 1,380 1,437 674 941 3,504 3,099 3,335 3,384 8,893 8,861

Source: CMHC
1 Census Metropolitan Area
2 Freehold homes refer to dwellings where the owner also holds the title of ownership to the land (single-detached houses and the following multiple-unit housing types: semi-detached houses, row homes and duplexes).
Detailed data available upon request.

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