November 25, 2015


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City housing starts up in September

September was another good month for local homebuilders, with the number of new housing starts up 6.6 per cent from a year earlier, new Canada Mortgage and Housing Corp. figures show.

The federal agency said local builders started work on 504 new single- and multi-family housing units during the month. That compared to 473 in September of last year.

The increase in construction activity was evident on both sides of the market, with the number of single starts up by 6.3 per cent to 202 from 190, and the number of multi-family starts up by 6.7 per cent to 302 from 283.

The increase left housing starts in the Winnipeg Census Metropolitan Area (CMA) trending at 5,170 units in September. That’s up from 5,238 in August.

"The trend in total housing starts continued to be relatively stable in September, remaining within a narrow range of roughly 5,200 to 5,400 units since July 2013," said Dianne Himbeault, CMHC’s Senior Market Analyst for Winnipeg. "The trend in total housing starts is supported by elevated production in both the single-detached and multi-family sectors, as starts remain above levels experienced last year."

Housing starts also picked up at the national level in September.

CMHC said starts came in at a seasonally adjusted annual rate of 193,637 last month, up from 183,964 in August.

The six-month moving average increased to 190,492 units in September compared with 188,440 in August.

— Staff/Canadian Press

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