Main Menu
Home
In the News
Special Contributors
Special Report - Bedding
Sponsors
Events Calendar
Classifieds
Advertising
Contact HGO
Home
follow-on-twitter
Merchandiser Fall 2014
Merchandiser Summer 2014
2014 Product Guide
Research Store

Canada Counts
CanadaCounts-Badge-Sept2012.fw
A survey of Canadian buying intentions.
Purchase Report

 

Syndicate
Housing starts fall in May PDF Print E-mail
Written by HGO Staff   

OTTAWA (18 June 2012) - On a seasonally adjusted and annualized basis, housing starts totalled 211,400 united in May, according to the latest figures from Canada Mortgage & Housing Corporation (CMHC). That's down from 243,800 units in April and a decline of 13.3%.

"As anticipated, the pace of housing starts observed in April was not sustained in May. In fact, the pace in May was more in line with the average over the last six months," CMHC deputy chief economist Mathieu Laberge said in a statement.

"Although some ups and downs are likely to continue in the months ahead, the pace of housing starts should trend lower as the year progresses," he added.

As has been the case for some time, multi-units starts (apartments, condominiums and the like) continue to outpace single home starts. Most analysts attributed the big jump in multi-starts in April to an unusual number of projects breaking ground at the same time. Most agreed the fallback in May was a good thing as housing starts were beginning to seriously outpace the anticipated formation of new households this year.

Urban starts fell 15.8% to 189,600 units in May with single starts dropping by 4.2% to 64,300 units and multiples decreasing 20.7% to 125,300 units.

Regionally, urban starts fell 35.8% in Quebec; by 18.3% in Ontario; and by 7.7% in the Prairies. Urban starts gained 6.4% in Atlantic Canada and 20.9% in British Columbia.

Rural starts were estimated at a seasonally adjusted annual rate of 21,800 units in May.

Image
Chart courtesy of Canada Mortgage & Housing Corporation.

<Previous   Next>
Banner
Other News
Resale market falls in September
OTTAWA (27 October 2014) - On a national and month-over-month basis, home sales fell 1.4% from August to September, according to the latest data from the Canadian Real Estate Association (CREA), although they were up 10.6%  on an actual year-over-year basis for the ninth month of the year.
Read more...
James Reid: Behaving with integrity

FROM THE HGO MERCHANDISER

It's been said the overwhelming majority of new business start-ups are lucky to reach their fifth anniversary. To reach that milestone 32 consecutive times under the ownership and management of four generations of a single family is truly remarkable. It's so rare there are barely a handful of furniture retailers across North America who can claim membership in this truly elite club. Indeed, some experts maintain only 3% of all family-owned businesses, regardless of the category in which they complete, make it to the fourth generation.

Read more...
BG secures new investment
WALKERTON, Ontario (21 October 2014) - BG Furniture has secured an initial $750,000 in ‘gross sales royalty' financing from Grenville Strategic Royalty Corporation. The funds will be used to support the solid wood case goods producer's sales growth and market expansion plans.
Read more...
GLR big ticket sales up again in August
OTTAWA (22 October 2014) - Statistics Canada's Group of Large Retailers (GLR) saw sales increase on a month-over-month basis in all major big-ticket home categories in August with the sole exception of major appliances. All five recorded improvements year-over-year.
Read more...
Banner

 

 .

Banner

Please, update your HGO profile

BRIGHTON, Ontario – To improve the efficiency of our newsletter delivery service and to bring ourselves in alignment with current Canadian legislation, we need our loyal readers to update their profiles.

If you’re in big ticket home goods, you can’t be without Home Goods Online – the only business-to-business news and information service for those working in Canada’s furniture, mattress, major appliance and consumer electronics industries.

Update Your Profile Now
Picture of the Day
Jaymar-Luna

The Luna (seen here) is the part of the first collection designed for Jaymar by the well-known U.S. based furniture designer Stanley Jay Freidman. It will be unveiled at this week’s High Point Market as part of new owner Daniel Walker’s growth plan for the Montreal-based upholstery market. Click here for details.


 

 

Banner
 
Banner
Banner
Donald Cooper
My Turn!
HGO Merchandiser
Banner
Upcoming Events
There are no upcoming events within the search range currently scheduled.
View Full Calendar