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EMBARGO – RELEASE MAY 9, 2011 AT 8:15 AM


APRIL HOUSING STARTS IN VANCOUVER CENSUS METROPOLITAN AREA (CMA)

VANCOUVER, May 9, 2011 – Canada Mortgage and Housing Corporation (CMHC) reports,
April 2011 housing starts in the Vancouver CMA increased compared to the same month a year
ago, totalling 1,329 homes. Nearly three quarters of all housing starts were multiple-family units.

“Multiple-family housing starts continue to grow in popularity throughout the CMA,” noted Robyn
Adamache, CMHC’s Senior Market Analyst. “More than two thirds of all multiple-family starts in
April occurred in the North Vancouver District and the City of Burnaby, reflecting the strong
housing demand in these areas.”

The Abbotsford CMA reported 21 housing starts in April, totalling 188 homes for the first four
months of the year. More than three quarters of all housing starts so far this year were multiple-
family units.

Nationally, the seasonally adjusted annual rate1 of total housing starts decreased to 179,000
units in April, from 184,700 units in March. In British Columbia, April’s seasonally adjusted rate
of urban housing starts moved higher to 22,600 units from 18,300 units the previous month.

As Canada's national housing agency, CMHC draws on 65 years of experience to help
Canadians access a variety of quality, environmentally sustainable and affordable homes.
CMHC also provides reliable, impartial and up-to-date housing market reports, analysis and
knowledge 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 at
www.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 Analyst
Tel (604) 737-4144; Cell (604) 787-9659; radamach@cmhc.ca

(Ce document existe également en français)                                                              …/2


1
 Seasonally-adjusted annual rates (SAARs) are monthly figures adjusted to remove normal seasonal
variation and multiplied by 12 to reflect annual levels. This adjustment facilitates the comparison of the
current pace of activity to annual forecasts as well as to historic annual levels.
Vancouver CMA Housing Starts
                                      APRIL                                                                                        YEAR-TO-DATE
                      Single-Detached*             Multiples**              TOTAL                                           Single-Detached         Multiples   TOTAL
                       2011        2010      2011         2010         2011    2010                                         2011      2010     2011  2010 2011      2010
Bowen Island               2           2         6             0           8        2                 Bowen Island                3       3        6     4      9        7
Burnaby                   50          20       153            75         203      95                  Burnaby                    88      81      324   269    412     350
Coquitlam                 40          31       116            14         156      45                  Coquitlam                  52      85      441   221    493     306
Delta                      6          14         4            62          10      76                  Delta                      34      56       10    87     44     143
Langley City               1           0        51             0          52        0                 Langley City                3       0       51     0     54        0
Langley District          22          25        88            31         110      56                  Langley District           59      68      191   168    250     236
Maple Ridge               42          38         2             0          44      38                  Maple Ridge                96     121       30    52    126     173
New West                   7          28         7           107          14     135                  New West                   23      45       51   109     74     154
North Van. City            2           0        39             7          41        7                 North Van. City             8       0      165    15    173      15
North Van. District        5           6       210           129         215     135                  North Van. District        10      13      222   151    232     164
Pitt Meadows               1           0         0             0           1        0                 Pitt Meadows                1       5       71     0     72        5
Port Coquitlam             2           0         0             8           2        8                 Port Coquitlam              4       0       10    17     14      17
Port Moody                 0           3         0             7           0      10                  Port Moody                  2       6        5    13      7      19
Richmond                  21           0        82            44         103      44                  Richmond                   76      59      786   265    862     324
Surrey                    90         227       150           192         240     419                  Surrey                    276     741      808   495 1,084 1,236
Vancouver City            40          39        76           130         116     169                  Vancouver City            190     183      918   982 1,108 1,165
West Vancouver             5           8         0             0           5        8                 West Vancouver             33      27        0     0     33      27
White Rock                 3           0         6            12           9      12                  White Rock                  4       1       12    43     16      44
Other                      0           1         0             0           0        1                 Other                       2      11       72    46     74      57
Van CMA TOTAL            339         442       990           818       1,329 1,260                    Van CMA TOTAL             964   1,505    4,173 2,937 5,137 4,442
TOTAL Change            -23%                   21%                        5%                          TOTAL Change             -36%              42%          16%
Abbotsford                12           39        4               10       16      49                  Abbotsford                 35      88      124    37    159     125
Mission                    5            6        0                0        5        6                 Mission                    29      37        0     0     29      37
Other                      0            0        0                0        0        0                 Other                       0       0        0     0      0        0
Abbotsford CMA            17           45        4               10       21      55                  Abbotsford CMA             64     125      124    37    188     162
TOTAL Change            -62%                  -60%                      -62%                          TOTAL Change             -49%               ##          16%
Chilliwack CA             16           35       12               77       28     112                  Chilliwack CA              57     131       29   146     86     277
TOTAL Change            -54%                  -84%                      -75%                          TOTAL Change             -56%             -80%         -69%
                                                                      Source: CMHC                                                                         Source: CMHC
Vancouver - 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
                                             22%                       ##
                                                                                              TRI-CITIES
                                                                                                 50%

                                                                                                                            MAPLE
                                            VANCOUVER CITY              BURNABY & NEW
                                                                         WESTMINSTER
                                                                                                                            RIDGE
                                                        5%
                                                                         4%                                                 27%
                                                                                                                                              MISSION
                                                    RICHMOND
                                                        ##                               SURREY
                                                                       DELTA                                                          ABBOTSFORD
                                                                                             12%                     LANGLEY
                                                                        69%                                                                   16%
                                                                                                                         29%


                          January - April 2011
                          ##: Per cent change > 100%                          WHITE
                                                                              ROCK
British Columbia - Urban Areas (10,000+ population)

Housing Starts (Units ) - B.C. - April
      Area               Single Detached    Multiples                                    Total
                       2010 2011 %Chg. 2010 2011 %Chg                          2010     2011 %Chg
Vancouver CMA                442     339    -23.3%    818     990     21.0%     1,260     1,329     5.5%
Victoria CMA                  90      65    -27.8%    123      59     -52.0%     213       124    -41.8%
Abbotsford CMA                45      17    -62.2%     10       4     -60.0%      55        21    -61.8%
Kelowna CMA                   56      60     7.1%      21      74      **         77       134     74.0%
Chilliwack CA                 35      16    -54.3%     77      12     -84.4%     112        28    -75.0%
Kamloops CA                   26      22    -15.4%      0       1     ##          26        23    -11.5%
Nanaimo CA                    30      25    -16.7%     58      35     -39.7%      88        60    -31.8%
Prince George CA              10      13    30.0%       9       0    -100.0%      19        13    -31.6%
Vernon CA                     19      11    -42.1%      4       0    -100.0%      23        11    -52.2%
Other Centres                177     107    -39.5%     61      78     27.9%      238       185    -22.3%
Urban B.C.                   930     675    -27.4%   1,181   1,253     6.1%     2,111     1,928    -8.7%
** Per cent change > 100%                                                               Source: CMHC
## Undefined


Housing Starts (units) - Urban B.C., January - April
      Area               Single Detached    Multiples                                    Total
                       2010 2011 %Chg. 2010 2011 %Chg                          2010     2011 %Chg
Vancouver CMA               1,505    964    -35.9%   2,953   4,173    41.3%     4,458     5,137    15.2%
Victoria CMA                 325     196    -39.7%    522     249     -52.3%     847       445    -47.5%
Abbotsford CMA               125      64    -48.8%     37     124      **        162       188     16.0%
Kelowna CMA                  178     126    -29.2%    148     130     -12.2%     326       256    -21.5%
Chilliwack CA                131      57    -56.5%    146      29     -80.1%     277        86    -69.0%
Kamloops CA                  100      53    -47.0%    111     153     37.8%      211       206     -2.4%
Nanaimo CA                   149      73    -51.0%    154     129     -16.2%     303       202    -33.3%
Prince George CA              28      18    -35.7%      9      36      **         37        54     45.9%
Vernon CA                     67      28    -58.2%      9       3     -66.7%      76        31    -59.2%
Other Centres                485     265    -45.4%    266     189     -28.9%     751       454    -39.5%
Urban B.C.                  3,093   1,844   -40.4%   4,355   5,215    19.7%     7,448     7,059    -5.2%
** Per cent change > 100%                                                               Source: CMHC
## Undefined

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Vancouver housing starts april 2011

  • 1. EMBARGO – RELEASE MAY 9, 2011 AT 8:15 AM APRIL HOUSING STARTS IN VANCOUVER CENSUS METROPOLITAN AREA (CMA) VANCOUVER, May 9, 2011 – Canada Mortgage and Housing Corporation (CMHC) reports, April 2011 housing starts in the Vancouver CMA increased compared to the same month a year ago, totalling 1,329 homes. Nearly three quarters of all housing starts were multiple-family units. “Multiple-family housing starts continue to grow in popularity throughout the CMA,” noted Robyn Adamache, CMHC’s Senior Market Analyst. “More than two thirds of all multiple-family starts in April occurred in the North Vancouver District and the City of Burnaby, reflecting the strong housing demand in these areas.” The Abbotsford CMA reported 21 housing starts in April, totalling 188 homes for the first four months of the year. More than three quarters of all housing starts so far this year were multiple- family units. Nationally, the seasonally adjusted annual rate1 of total housing starts decreased to 179,000 units in April, from 184,700 units in March. In British Columbia, April’s seasonally adjusted rate of urban housing starts moved higher to 22,600 units from 18,300 units the previous month. As Canada's national housing agency, CMHC draws on 65 years of experience to help Canadians access a variety of quality, environmentally sustainable and affordable homes. CMHC also provides reliable, impartial and up-to-date housing market reports, analysis and knowledge 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 at www.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 Analyst Tel (604) 737-4144; Cell (604) 787-9659; radamach@cmhc.ca (Ce document existe également en français) …/2 1 Seasonally-adjusted annual rates (SAARs) are monthly figures adjusted to remove normal seasonal variation and multiplied by 12 to reflect annual levels. This adjustment facilitates the comparison of the current pace of activity to annual forecasts as well as to historic annual levels.
  • 2. Vancouver CMA Housing Starts APRIL YEAR-TO-DATE Single-Detached* Multiples** TOTAL Single-Detached Multiples TOTAL 2011 2010 2011 2010 2011 2010 2011 2010 2011 2010 2011 2010 Bowen Island 2 2 6 0 8 2 Bowen Island 3 3 6 4 9 7 Burnaby 50 20 153 75 203 95 Burnaby 88 81 324 269 412 350 Coquitlam 40 31 116 14 156 45 Coquitlam 52 85 441 221 493 306 Delta 6 14 4 62 10 76 Delta 34 56 10 87 44 143 Langley City 1 0 51 0 52 0 Langley City 3 0 51 0 54 0 Langley District 22 25 88 31 110 56 Langley District 59 68 191 168 250 236 Maple Ridge 42 38 2 0 44 38 Maple Ridge 96 121 30 52 126 173 New West 7 28 7 107 14 135 New West 23 45 51 109 74 154 North Van. City 2 0 39 7 41 7 North Van. City 8 0 165 15 173 15 North Van. District 5 6 210 129 215 135 North Van. District 10 13 222 151 232 164 Pitt Meadows 1 0 0 0 1 0 Pitt Meadows 1 5 71 0 72 5 Port Coquitlam 2 0 0 8 2 8 Port Coquitlam 4 0 10 17 14 17 Port Moody 0 3 0 7 0 10 Port Moody 2 6 5 13 7 19 Richmond 21 0 82 44 103 44 Richmond 76 59 786 265 862 324 Surrey 90 227 150 192 240 419 Surrey 276 741 808 495 1,084 1,236 Vancouver City 40 39 76 130 116 169 Vancouver City 190 183 918 982 1,108 1,165 West Vancouver 5 8 0 0 5 8 West Vancouver 33 27 0 0 33 27 White Rock 3 0 6 12 9 12 White Rock 4 1 12 43 16 44 Other 0 1 0 0 0 1 Other 2 11 72 46 74 57 Van CMA TOTAL 339 442 990 818 1,329 1,260 Van CMA TOTAL 964 1,505 4,173 2,937 5,137 4,442 TOTAL Change -23% 21% 5% TOTAL Change -36% 42% 16% Abbotsford 12 39 4 10 16 49 Abbotsford 35 88 124 37 159 125 Mission 5 6 0 0 5 6 Mission 29 37 0 0 29 37 Other 0 0 0 0 0 0 Other 0 0 0 0 0 0 Abbotsford CMA 17 45 4 10 21 55 Abbotsford CMA 64 125 124 37 188 162 TOTAL Change -62% -60% -62% TOTAL Change -49% ## 16% Chilliwack CA 16 35 12 77 28 112 Chilliwack CA 57 131 29 146 86 277 TOTAL Change -54% -84% -75% TOTAL Change -56% -80% -69% Source: CMHC Source: CMHC Vancouver - 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 22% ## TRI-CITIES 50% MAPLE VANCOUVER CITY BURNABY & NEW WESTMINSTER RIDGE 5% 4% 27% MISSION RICHMOND ## SURREY DELTA ABBOTSFORD 12% LANGLEY 69% 16% 29% January - April 2011 ##: Per cent change > 100% WHITE ROCK
  • 3. British Columbia - Urban Areas (10,000+ population) Housing Starts (Units ) - B.C. - April Area Single Detached Multiples Total 2010 2011 %Chg. 2010 2011 %Chg 2010 2011 %Chg Vancouver CMA 442 339 -23.3% 818 990 21.0% 1,260 1,329 5.5% Victoria CMA 90 65 -27.8% 123 59 -52.0% 213 124 -41.8% Abbotsford CMA 45 17 -62.2% 10 4 -60.0% 55 21 -61.8% Kelowna CMA 56 60 7.1% 21 74 ** 77 134 74.0% Chilliwack CA 35 16 -54.3% 77 12 -84.4% 112 28 -75.0% Kamloops CA 26 22 -15.4% 0 1 ## 26 23 -11.5% Nanaimo CA 30 25 -16.7% 58 35 -39.7% 88 60 -31.8% Prince George CA 10 13 30.0% 9 0 -100.0% 19 13 -31.6% Vernon CA 19 11 -42.1% 4 0 -100.0% 23 11 -52.2% Other Centres 177 107 -39.5% 61 78 27.9% 238 185 -22.3% Urban B.C. 930 675 -27.4% 1,181 1,253 6.1% 2,111 1,928 -8.7% ** Per cent change > 100% Source: CMHC ## Undefined Housing Starts (units) - Urban B.C., January - April Area Single Detached Multiples Total 2010 2011 %Chg. 2010 2011 %Chg 2010 2011 %Chg Vancouver CMA 1,505 964 -35.9% 2,953 4,173 41.3% 4,458 5,137 15.2% Victoria CMA 325 196 -39.7% 522 249 -52.3% 847 445 -47.5% Abbotsford CMA 125 64 -48.8% 37 124 ** 162 188 16.0% Kelowna CMA 178 126 -29.2% 148 130 -12.2% 326 256 -21.5% Chilliwack CA 131 57 -56.5% 146 29 -80.1% 277 86 -69.0% Kamloops CA 100 53 -47.0% 111 153 37.8% 211 206 -2.4% Nanaimo CA 149 73 -51.0% 154 129 -16.2% 303 202 -33.3% Prince George CA 28 18 -35.7% 9 36 ** 37 54 45.9% Vernon CA 67 28 -58.2% 9 3 -66.7% 76 31 -59.2% Other Centres 485 265 -45.4% 266 189 -28.9% 751 454 -39.5% Urban B.C. 3,093 1,844 -40.4% 4,355 5,215 19.7% 7,448 7,059 -5.2% ** Per cent change > 100% Source: CMHC ## Undefined