Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

April 12, 2010 08:15 ET

March Housing Starts Higher In Kitchener

TORONTO, ONTARIO--(Marketwire - April 12, 2010) - Canada Mortgage and Housing Corporation (CMHC) released March preliminary housing starts data for the Kitchener Census Metropolitan Area1 (CMA) today. Construction began on 185 homes, up from the 148 units started in the same month last year.

1Statistics Canada defines a census metropolitan area (CMA) as one or more adjacent municipalities integrated with an urban core. A CMA must have a total population of at least 100,000 of which 50,000 or more must live in the urban core.

To view the graph associated with this release, please visit the following link: http://media3.marketwire.com/docs/Kitchener.pdf

Builders poured foundations for 90 single-detached homes in March, up from the 71 units started in March 2009. Townhome starts decreased to 36 units, down from 75 units last March. There were 45 rental apartment units started in March. Only the cities of Kitchener and Waterloo recorded higher starts in March. For the first quarter of 2010, construction began on 574 homes, up from the 341 units started in the same quarter of 2009.

"Housing starts are expected to remain above 2009 levels for most of this year as homebuyers are taking advantage of the historically low mortgage rates," said Erica McLerie, Senior Market Analyst for the Kitchener CMA. "New home sales have been strong as the tight resale market conditions have encouraged homebuyers to purchase in the new home market," added McLerie.

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.

HOUSING STARTS - KITCHENER CMA
YEAR-OVER-YEAR COMPARISON - MONTH OF MARCH AND YEAR-TO-DATE

   Single  Semi  TH  Apt  Total  % Chg
Cambridge City            
Mar 2010  19 0 0 0 19 -69.4%
Mar 2009  37 0 25 0 62  
Kitchener City            
Mar 2010 49 14 36 0 99 98.0%
Mar 2009  14 2 34 0 50  
Waterloo City            
Mar 2010 6 0 0 45 51 363.6%
Mar 2009 3 0 8 0 11  
Woolwich Twp.            
Mar 2010 16 0 0 0 16 -36.0%
Mar 2009 17 0 8 0 25  
North Dumfries Twp.            
Mar 2010 0 0 0 0 0 NA
Mar 2009 0 0 0 0 0  
KITCHENER CMA2            
Mar 2010 90 14 36 45 185 25.0%
Mar 2009 71 2 75 0 148  
 
   Single  Semi  TH  Apt  Total  % Chg
Cambridge City            
YTD '10 38 2 0 4 44 -64.5%
YTD '09 81 0 43 0 124  
Kitchener City            
YTD '10 154 40 63 50 307 120.9%
YTD '09 64 6 65 4 139  
Waterloo City            
YTD '10 30 0 0 130 160 281.0%
YTD '09 11 0 12 19 42  
Woolwich Twp.            
YTD '10 48 0 12 0 60 66.7%
YTD '09 28 0 8 0 36  
North Dumfries Twp.            
YTD '10 3 0 0 0 3 NA
YTD '09 0 0 0 0 0  
KITCHENER CMA2            
YTD '10 273 42 75 184 574 68.3%
YTD '09 184 6 128 23 341  

Source: CMHC

2Kitchener CMA includes Kitchener, Waterloo, Cambridge, Woolwich and North Dumfries

For more information, visit www.cmhc.ca or call 1 800 668-2642.

Aussi disponible en francais

Contact Information

  • For additional information please contact / Pour obtenir de
    plus amples renseignements, veuillez communiquer avec:
    Kitchener: Canada Mortgage and Housing Corporation
    Erica McLerie
    (416) 218-3318
    emclerie@cmhc.ca
    or
    En francais:
    Canada Mortgage and Housing Corporation
    David Lan
    (519) 873-2426
    dlan@cmhc.ca
    or
    Ontario:
    Canada Mortgage and Housing Corporation
    Ted Tsiakopoulos
    (416) 218-3407
    ttsiakop@cmhc.ca
    or
    Canada:
    Canada Mortgage and Housing Corporation
    Charles Sauriol
    (613) 748-2799
    csauriol@cmhc.ca
    www.cmhc.ca