According to the latest data from the Canada Mortgage and Housing Corporation (CMHC), 47,232 homes have been built in urban centers of 10,000 or more residents, an increase of 8% from 2019. ), Published Monday morning.
Paul Cardinal, director of the Economic Services Director of the Quebec Association of Construction and Housing Professionals Association (APCH), recently stressed that “housing start-ups ended in 2020, with growth of 36% in November and 43% in December. Contrary to all expectations, 2020 is proving to be the best year since at least 1990.” Housing Bulletin.
In the Montreal area, housing total increased by 27,274, 9% in one year. About 60% of home openings, about 16,000 units, are in the rental segment. Ten years ago, this ratio was only 10-15%.
The number of new apartments in the Montreal area is significant, starting with the amount of rental homes in Toronto, Vancouver, Calgary and Ottawa-Gatino, which emphasizes the CMHC. Apartment opening in retirement homes dropped from 2,000 units in 2019 to 1,300 in 2020.
Condo initially fell 13% to 7,200 units. In fact, no condominiums were built outside of Montreal last year. “Nearly 95% of condo startups in the province are in CMA [région métropolitaine recensement] It has not been heard of in Montreal since the late ’90s or early’ 2000s, ”the federal agency stressed.
The single-family home has had the best year with 11,400 openings in 10 years, up 8% in one year.