Tag Archives: Housing Starts

Canadian Housing Starts Increase: CMHC

Posted on April 13, 2012 | Leave a comment

According to the Canada Mortgage and Housing Corporation’s latest market figures, the seasonally adjusted annual rate of housing starts increased to 215,600 units in March, up from 205,300 in February.

The seasonally adjusted annual rate of urban starts also increased by over four per cent in March to 192,100 units, while rural starts hit about 23,500 units.

CMHC Housing Starts

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“The upward movement in March was largely due to an increase in multiple starts, particularly in Ontario and the Prairies,” said Mathieu Laberge, the deputy chief economist that Canada Mortgage and Housing Corporation’s market analysis centre. “This was partly offset by a decrease in multiple starts in British Columbia and Quebec, while single-detached starts decreased marginally country-wide.”

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Toronto Housing Construction Decreased Slightly In February

Posted on March 14, 2012 | Leave a comment

According to the Canada Mortgage and Housing Corporation (CMHC), the seasonally-adjusted rate of total housing starts decreased to 30,400 units in February 2012 for the Toronto Census Metropolitan Area.

“Given the record-level of housing units already under construction in Toronto, the slowing in new starts will help support stability in the market, particularly in the case of condominium apartments,” said the senior market analyst for the Greater Toronto Area, Shaun Hildebrand, in a press release.

In 2011, Toronto housing starts increased overall while declining month-to-month towards the end of the year.

Housing starts increased across Canada in February, up to 201,100 units from 198,100 units in January.

According to the deputy chief economist at the Canada Mortgage and Housing Coporation’s market analysis centre, Mathieu Laberge, “Increases in these provinces were partially offset by decreases in multiple starts in Ontario and Atlantic Canada. Multiple housing starts in Quebec had fallen nearly 50 per cent in January, so February’s rise can be seen as a return to a more normal rate of construction.”

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Posted in Before You Buy, Before You Sell, City of Toronto

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October 2011 Housing Starts Decrease Slightly

Posted on December 1, 2011 | Leave a comment

In October 2011, the seasonally adjusted rate of housing starts decreased from the 208,800 units in September, to a slightly lower number of 207,600 starts.

“Housing starts posted a slight decline in October due to a decrease in single-detached starts in urban centres,” said the deputy chief economist at the Canada Mortgage and Housing Corporation’s Market Analysis Centre, Mathieu Laberge, in a press release. “Urban multiple housing starts remained high in October, but overall housing starts are expected to moderate in line with demographic fundamentals.”

In Ontario, the seasonally adjusted annual rate of urban housing starts decreased by 11.7 per cent in October.

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Housing Starts Increase In June 2011

Posted on July 27, 2011 | Leave a comment

According to the Canada Mortgage and Housing Corporation, housing starts increased in June to 197,400 units from 194,100 in May and April, and Ontario led the increase in housing starts.

The seasonally adjusted annual rate of urban starts rose 2.2 per cent to a total of 174,600 units in June, while urban single starts increased 11.1 per cent in June. Multiple urban starts dropped 3.1 per cent to a total of 103,700 units.

Housing Starts from the Canada Mortgage and Housing Corporation.

“Housing starts increased in June due to an increase in single and multiple starts in Ontario,” said the chief economist at the Canada Mortgage and Housing Corporation’s market analysis centre in a press release. “The revised numbers show that housing starts have been above their trend line since March. However, we expect housing starts to move back towards levels consistent with demographic fundamentals in the near term,” he said.

As for Toronto, the seasonally-adjusted rate of housing starts in the Toronto Census Metropolitan area jumped 23 per cent to 45,100 units. Single-detached starts rose from 8,100 in May to 14,700 in June, and multiple family starts rose 6.3 per cent to 30,400 units.

“More singles are starting thanks to some strength in pre-sales six months ago, said the Canada Mortgage and Housing Corporation’s senior market analyst for the Greater Toronto Area. “This momentum for singles should be short-lived due to the on-going challenge of a reduced supply of available lots and also some moderation in demand as interest rates begin to increase.”

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