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for immediate release single detached housing starts increase in

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for immediate release single detached housing starts increase in

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									FOR IMMEDIATE RELEASE

                             Single-detached housing starts increase in June

Edmonton, July 9, 2009 – According to preliminary figures released today by Canada Mortgage and
Housing Corporation (CMHC), housing starts in the Edmonton Census Metropolitan Area (CMA) totalled
450 units in June compared with 556 units in June 2008. For the year-to-date, total housing starts have
amounted to 1,912 units throughout Greater Edmonton, down from 4,140 units reported during the first
half of 2008.

Single-detached starts in the Capital region totalled 268 units in June, representing a 10 per cent increase
from the 244 units started in the same month last year. To the end of June, home builders started work on
1,117 single-detached homes, a decrease of 17.5 per cent from the 1,354 foundations poured during the first
six months of 2008. On a quarterly basis, however, activity improved by almost three per cent year-over-
year during the second quarter. This followed a 39 per cent decline in the first quarter of 2009 compared
with the first three months of 2008.

Multiple unit starts, which consist of semi-detached, row, and apartment units, totalled 182 units in June, 42
per cent below the 312 multiples tallied in June 2008. Both semi-detached and row starts increased year-
over-year by 24 and 31 per cent, respectively. However, these gains were countered by the zero apartment
starts reported in June. As was the case in April and May, all of June’s multiple starts were targeted for the
homeowner or condominium markets, with no rental starts reported. With half the year complete, multiple
starts have totalled 795 units, representing a 71.5 per cent decrease from 2,786 units recorded after the first
six months of 2008. “Developer concerns over rising rental apartment vacancies and a growing inventory of
unabsorbed new condominiums will hold down multiple unit starts for the balance of 2009,” noted Richard
Goatcher, CMHC’s Senior Market Analyst based in Edmonton.

Housing starts across Alberta’s seven largest centres totalled 1,446 units in June, up one per cent from the 1,434
units started a year earlier. Starts in Wood Buffalo more than tripled in June, led by 294 apartment starts. Grande
Prairie, Lethbridge, and Red Deer, also recorded year-over-year gains last month.

As Canada’s national housing agency, Canada Mortgage and Housing Corporation (CMHC) draws on
more than 60 years of experience to help Canadians access a variety of quality, environmentally
sustainable, and affordable homes — homes that will continue to create vibrant and healthy communities
and cities across the country. For more information, visit www.cmhc.ca or call 1-800-668-2642.

CMHC Market Analysis standard reports are also available free for download at
http://www.cmhc.ca/housingmarketinformation.

                                                        -30-

For further information, please contact:
Richard Goatcher, Senior Market Analyst
Phone: (780) 423-8729
e-mail: rgoatche@cmhc.ca
Canada Mortgage and Housing Corporation, Edmonton Office
                                                                Preliminary Housing Starts in Alberta
                                                                                June 2009

                                                     Single-Detached                         Multiple-Family                  Total
                                                   2009      2008       %                 2009       2008       %     2009       2008       %
Calgary CMA                                         374        450   -16.9                  60         127   -52.8     434        577    -24.8
                        Calgary City                295        313    -5.8                  60         115   -47.8     355        428    -17.1
Edmonton CMA                                         268              244       9.8        182         312    -41.7    450        556    -19.1
            Edmonton City                            137              106      29.2        156         176    -11.4    293        282      3.9
Wood Buffalo CA                                      23               38      -39.5        294         54        --     317        92        --
Grande Prairie CA                                    60               40       50.0          6          0        --      66        40     65.0
Lethbridge CA                                        70               66        6.1         28          2        --      98        68     44.1
Medicine Hat CA                                      16               46      -65.2          0          9        --      16        55    -70.9
Red Deer CA                                          33               28       17.9         32         16        --      65        44     47.7
Total*                                              844              912       -7.5        602        520     15.8    1,446     1,432      1.0
*Total consists of Calgary CMA, Edmonton CMA and the five CAs

                                                                          April to June (Q2) 2009

                                                     Single-Detached                         Multiple-Family                  Total
                                                   2009      2008                 %       2009       2008        %    2009       2008        %
Bonnyville MD***                                     19         27             -29.6         0           0       --     19          27    -29.6
Brooks Town CA                                       12         20             -40.0        48           7       --     60          27       --
Camrose CA                                            8         17             -52.9         0           0       --      8          17    -52.9
Canmore Town                                          4         12             -66.7         0          55       --      4          67    -94.0
Clearwater County***                                 28         26               7.7         0           0       --     28          26      7.7
Cold Lake CA                                          8          9             -11.1         0           6       --      8          15    -46.7
Foothills MD***                                      21         65             -67.7         0           0       --     21          65    -67.7
High River***                                        17         23             -26.1         0          48       --     17          71    -76.1
Lacombe Town***                                      12         27             -55.6         0          10       --     12          37    -67.6
Lacombe County***                                    15         12              25.0         0           0       --     15          12     25.0
Lloydminster, AB (CA)                                 5         36             -86.1         3           0       --      8          36    -77.8
                    Lloyd., SK                        8         30             -73.3         0           0       --      8          30    -73.3
Mackenzie County***                                  17         26             -34.6         0           0       --     17          26    -34.6
Mountain View County***                              16         28             -42.9         0           0       --     16          28    -42.9
Okotoks Town                                         41         52             -21.2         2          25    -92.0     43          77    -44.2
Red Deer County***                                   17         25             -32.0         0           2       --     17          27    -37.0
Sylvan Lake***                                        6         18             -66.7         0          20       --      6          38    -84.2
Strathmore***                                         7         35             -80.0         6          24    -75.0     13          59    -78.0
Wetaskiwin CA                                         2          8             -75.0         0          20       --      2          28    -92.9
Wetaskiwin County***                                  4         22             -81.8         0           0       --      4          22    -81.8
Yellowhead County***                                  7         19             -63.2         0           0       --      7          19    -63.2
Total                                               266       507             -47.5         59         217   -72.8     325        724    -55.1
Source: Market Analysis Centre, C.M.H.C.
--   % change equals or exceeds +/- 100%
*Total consists of selected centres with a population of 10,000 or more
***New 10,000+ centres in 2008
                                                                Preliminary Housing Starts in Alberta
                                                                       January to June 2009

                                                      Single-Detached                    Multiple-Family                 Total
                                                   2009       2008       %            2009       2008       %    2009       2008      %
Calgary CMA                                        1,549      2,328   -33.5            432       5,489   -92.1   1,981     7,817   -74.7
                        Calgary City               1,164      1,691   -31.2            310       4,956   -93.7   1,474     6,647   -77.8
                                                                         --                                 --                        --
Edmonton CMA                                       1,117      1,354   -17.5            795       2,786   -71.5   1,912     4,140   -53.8
            Edmonton City                            572        655   -12.7            517       1,881   -72.5   1,089     2,536   -57.1
                                                                         --                                 --                        --
Bonnyville MD***                                      32         43   -25.6              0           0      --     32         43   -25.6
Brooks Town CA                                        17         36   -52.8             48           7      --     65         43    51.2
Camrose CA                                            28         55   -49.1              4           0      --     32         55   -41.8
Canmore Town                                           5         14   -64.3              6          91   -93.4     11        105   -89.5
Clearwater County***                                  43         32    34.4              0           0      --     43         32    34.4
Cold Lake CA                                          22         16    37.5              0          14      --     22         30   -26.7
Foothills MD***                                       46         69   -33.3              0           0      --     46         69   -33.3
Grande Prairie CA                                    155        169    -8.3             26          50   -48.0    181        219   -17.4
High River***                                         28         35   -20.0              0          50      --     28         85   -67.1
Lacombe Town***                                       23         39   -41.0              3          29   -89.7     26         68   -61.8
Lacombe County***                                     18         23   -21.7              0           0      --     18         23   -21.7
Lethbridge CA                                        232        422   -45.0             52          65   -20.0    284        487   -41.7
Lloydminster, AB (CA)                                  9         69   -87.0              3           0      --     12         69   -82.6
                            Lloyd., SK                10         44   -77.3              0           0      --     10         44   -77.3
Mackenzie County***                                   19         26   -26.9              0           0      --     19         26   -26.9
Medicine Hat CA                                       71        231   -69.3             69         129   -46.5    140        360   -61.1
Mountain View County***                               25         52   -51.9              2           0      --     27         52   -48.1
Okotoks Town                                          81         89    -9.0              4          47   -91.5     85        136   -37.5
Red Deer CA                                          110        184   -40.2             50         150   -66.7    160        334   -52.1
Red Deer County***                                    37         40    -7.5              0           2      --     37         42   -11.9
Sylvan Lake***                                        16         24   -33.3              0          75      --     16         99   -83.8
Strathmore***                                         15         51   -70.6             12          60   -80.0     27        111   -75.7
Wetaskiwin CA                                         10         12   -16.7              0          20      --     10         32   -68.8
Wetaskiwin County***                                  16         40   -60.0              0           0      --     16         40   -60.0
Wood Buffalo CA                                      179        370   -51.6            380         294    29.3    559        664   -15.8
Yellowhead County***                                  30         22    36.4              0           0      --     30         22    36.4

Alberta (10,000+)                                 3,933            5,845   -32.7     1,886       9,358   -79.8   5,819    15,203   -61.7
Source: Market Analysis Centre, C.M.H.C.
-- % change equals or exceeds +/- 100%
*Total consists of selected centres with a population of 10,000 or more
***New 10,000+ centres in 2008

								
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