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EMBARGO – RELEASE FEBRUARY 8, 2011 AT 8:15 AM

January 2011 Housing Starts in Vancouver and Abbotsford

Vancouver, February 8, 2011 – Canada Mortgage and Housing Corporation (CMHC) reports
that housing starts across the Vancouver Census Metropolitan Area (CMA) in January increased
compared to the same month a year ago, totalling 1,436 homes.

Multiple family home starts made up over 85 per cent of the housing starts in the Vancouver
CMA. Most of these home starts were in Vancouver City, followed by Surrey and
Burnaby.“Multiple family projects that were planned by developers during the last year and a half
are beginning to break ground in 2011. We expect to see a number of multiple family projects
begin construction throughout the various centres in the CMA in 2011,” noted Robyn Adamache,
CMHC’s Senior Market Analyst.

In the Abbotsford CMA, there were 35 housing starts counted during the first month of 2011,
compared to 26 housing starts during the same period twelve months prior.

Nationally, the seasonally adjusted annual rate of total housing starts increased marginally to
170,400 units in January, from 169,000 units in December. In British Columbia, January’s
seasonally adjusted rate of urban housing starts moved lower to 25,700 units from 27,900 units
in December.

As Canada's national housing agency, CMHC draws on more than 60 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-
For further information, please contact:
Robyn Adamache
Senior Market Analyst
Tel (604) 737-4144
radamach@cmhc.ca
  (Ce document existe également en français)                      …/2
* Effective January 2011, data includes market housing on First Nations reserve lands in urban areas.
Vancouver CMA Housing Starts
                                              January 2011
                                  Single-Detached              Multiples                 TOTAL
                                    2011          2010           2011        2010         2011       2010
    Bowen Island                         0              1               0           2             0        3
    Burnaby                             13             11             139          23          152        34
    Coquitlam                            7             25              50          80            57      105
    Delta                               12              7               2          12            14       19
    Langley City                         2              0               0           0             2        0
    Langley District                     9             16              48          60            57       76
    Maple Ridge                          7             26              28          32            35       58
    New West                             7              4               9           0            16        4
    North Van. City                      3              0              54           0            57        0
    North Van. District                  0              3               6          22             6       25
    Pitt Meadows                         0              3               0           0             0        3
    Port Coquitlam                       1              0              10           9            11        9
    Port Moody                           0              2               5           0             5        2
    Richmond                            14             19              51          20            65       39
    Surrey                              44            166             189         129          233       295
    Vancouver City                      50             34             593         200          643       234
    West Vancouver                      10              5               0           0            10        5
    White Rock                           1              1               0           0             1        1
    Other                                0              5              72           0            72        5
    Van CMA TOTAL                      180            328           1,256         589        1,436      917
    TOTAL Change                    -45%                         113%                         57%
    Abbotsford                           6               13            20            4           26       17
    Mission                              9                9             0            0            9        9
    Other                                0                0             0            0            0        0
    Abbotsford CMA                      15               22            20            4           35       26
    TOTAL Change                    -32%                       **                             35%
    Chilliwack CA                        8               29             2           20           10       49
    TOTAL Change                    -72%                          -90%                     -80%
                                                                                         Source: CMHC
    Vancouver - Other incl. Anmore, Belcarra, Lions Bay, UEL, Unorgan.
    Abbotsford - Other incl. Fraser Valley H.
    * Single Detached refers to single family homes
    **Multiples refer to semi-detached, townhouse and apartment units
    *** Per cent change > 100%




                                L o w e r M a in la n d H o u s in g S ta r ts *
                                   C h a n g e in U n its 2 0 1 0 - 2 0 1 1
                  W EST                          NORTH
               VANCO UVER                      VANCO UVER
                           100%
                                                      ***                    T R I-C IT IE S
                                                                                    37%

                                                                                                     M APLE
                       V A N C O U V E R C IT Y     BURNABY & NEW
                                                     W E S T M IN S T E R
                                                                                                     R ID G E
                                         ***                                                            40%
                                                         ***
                                                                                                                   M IS S IO N
                                  R IC H M O N D
                                          67%                              SURREY
                                                   D E L TA                                                     ABBOTSFORD
                                                                            21%                  LANGLEY
                                                      26%                                                          35%
                                                                                                  22%

J a n u a ry 2 0 1 1
*** P e r c e n t ch a n g e > 1 0 0 %                         W H IT E
                                                               ROCK
British Columbia - Urban Areas (10,000+ population)

Housing Starts (Units ) - B.C., January 2011
       Area              Single Detached    Multiples                          Total
                       2010 2011 %Chg. 2010 2011 %Chg                    2010 2011 %Chg
Vancouver CMA           328    180   -45.1%    589     1,256     **      917     1,436    56.6%
Victoria CMA             71    57    -19.7%    177      21     -88.1%    248       78     -68.5%
Abbotsford CMA           22    15    -31.8%     4       20       **       26       35     34.6%
Kelowna CA               44    23    -47.7%    117      10     -91.5%    161       33     -79.5%
Chilliwack CA            29     8    -72.4%     20      2      -90.0%     49       10     -79.6%
Kamloops CA              21    10    -52.4%     6      142       **       27      152       **
Nanaimo CA               54    19    -64.8%     35      14     -60.0%     89       33     -62.9%
Prince George CA         4      0    -100.0%    0       0        ##       4        0     -100.0%
Vernon CA                15     4    -73.3%     3       0      -100.0%    18       4      -77.8%
Other Centres            94    44    -53.2%     53     118       **      147      162     10.2%
Urban B.C.               682   360   -47.2%    1,004   1,583   57.7%     1,686    1,943    15.2%
** Per cent change > 100%                                                        Source: CMHC
 ## Undefined

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January 2011 housing starts in vancouver, bc from cmhc

  • 1. EMBARGO – RELEASE FEBRUARY 8, 2011 AT 8:15 AM January 2011 Housing Starts in Vancouver and Abbotsford Vancouver, February 8, 2011 – Canada Mortgage and Housing Corporation (CMHC) reports that housing starts across the Vancouver Census Metropolitan Area (CMA) in January increased compared to the same month a year ago, totalling 1,436 homes. Multiple family home starts made up over 85 per cent of the housing starts in the Vancouver CMA. Most of these home starts were in Vancouver City, followed by Surrey and Burnaby.“Multiple family projects that were planned by developers during the last year and a half are beginning to break ground in 2011. We expect to see a number of multiple family projects begin construction throughout the various centres in the CMA in 2011,” noted Robyn Adamache, CMHC’s Senior Market Analyst. In the Abbotsford CMA, there were 35 housing starts counted during the first month of 2011, compared to 26 housing starts during the same period twelve months prior. Nationally, the seasonally adjusted annual rate of total housing starts increased marginally to 170,400 units in January, from 169,000 units in December. In British Columbia, January’s seasonally adjusted rate of urban housing starts moved lower to 25,700 units from 27,900 units in December. As Canada's national housing agency, CMHC draws on more than 60 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- For further information, please contact: Robyn Adamache Senior Market Analyst Tel (604) 737-4144 radamach@cmhc.ca (Ce document existe également en français) …/2 * Effective January 2011, data includes market housing on First Nations reserve lands in urban areas.
  • 2. Vancouver CMA Housing Starts January 2011 Single-Detached Multiples TOTAL 2011 2010 2011 2010 2011 2010 Bowen Island 0 1 0 2 0 3 Burnaby 13 11 139 23 152 34 Coquitlam 7 25 50 80 57 105 Delta 12 7 2 12 14 19 Langley City 2 0 0 0 2 0 Langley District 9 16 48 60 57 76 Maple Ridge 7 26 28 32 35 58 New West 7 4 9 0 16 4 North Van. City 3 0 54 0 57 0 North Van. District 0 3 6 22 6 25 Pitt Meadows 0 3 0 0 0 3 Port Coquitlam 1 0 10 9 11 9 Port Moody 0 2 5 0 5 2 Richmond 14 19 51 20 65 39 Surrey 44 166 189 129 233 295 Vancouver City 50 34 593 200 643 234 West Vancouver 10 5 0 0 10 5 White Rock 1 1 0 0 1 1 Other 0 5 72 0 72 5 Van CMA TOTAL 180 328 1,256 589 1,436 917 TOTAL Change -45% 113% 57% Abbotsford 6 13 20 4 26 17 Mission 9 9 0 0 9 9 Other 0 0 0 0 0 0 Abbotsford CMA 15 22 20 4 35 26 TOTAL Change -32% ** 35% Chilliwack CA 8 29 2 20 10 49 TOTAL Change -72% -90% -80% Source: CMHC Vancouver - Other incl. Anmore, Belcarra, Lions Bay, UEL, Unorgan. Abbotsford - Other incl. Fraser Valley H. * Single Detached refers to single family homes **Multiples refer to semi-detached, townhouse and apartment units *** Per cent change > 100% L o w e r M a in la n d H o u s in g S ta r ts * C h a n g e in U n its 2 0 1 0 - 2 0 1 1 W EST NORTH VANCO UVER VANCO UVER 100% *** T R I-C IT IE S 37% M APLE V A N C O U V E R C IT Y BURNABY & NEW W E S T M IN S T E R R ID G E *** 40% *** M IS S IO N R IC H M O N D 67% SURREY D E L TA ABBOTSFORD 21% LANGLEY 26% 35% 22% J a n u a ry 2 0 1 1 *** P e r c e n t ch a n g e > 1 0 0 % W H IT E ROCK
  • 3. British Columbia - Urban Areas (10,000+ population) Housing Starts (Units ) - B.C., January 2011 Area Single Detached Multiples Total 2010 2011 %Chg. 2010 2011 %Chg 2010 2011 %Chg Vancouver CMA 328 180 -45.1% 589 1,256 ** 917 1,436 56.6% Victoria CMA 71 57 -19.7% 177 21 -88.1% 248 78 -68.5% Abbotsford CMA 22 15 -31.8% 4 20 ** 26 35 34.6% Kelowna CA 44 23 -47.7% 117 10 -91.5% 161 33 -79.5% Chilliwack CA 29 8 -72.4% 20 2 -90.0% 49 10 -79.6% Kamloops CA 21 10 -52.4% 6 142 ** 27 152 ** Nanaimo CA 54 19 -64.8% 35 14 -60.0% 89 33 -62.9% Prince George CA 4 0 -100.0% 0 0 ## 4 0 -100.0% Vernon CA 15 4 -73.3% 3 0 -100.0% 18 4 -77.8% Other Centres 94 44 -53.2% 53 118 ** 147 162 10.2% Urban B.C. 682 360 -47.2% 1,004 1,583 57.7% 1,686 1,943 15.2% ** Per cent change > 100% Source: CMHC ## Undefined