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APRIL 2014 HOUSING STARTS IN QUEBEC

APRIL 2014 HOUSING STARTS IN QUEBEC

Housing  starts in Québec's urban centres  were trending at 34,103  units in April, compared to 34,016 in March, 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  rate of housing starts recorded in April is in line with our forecasts''  said Kevin Hughes, CMHC Regional Economist for the province of Quebec. 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.

he stand-alone monthly SAAR was 33,101 units in April, up from 30,859 in March.

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Québec Landlords Association

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