Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

April 12, 2010 08:15 ET

New Home Construction Moved Up

LONDON, ONTARIO--(Marketwire - April 12, 2010) - New home starts were up in the London Census Metropolitan Area1 (CMA) in March according to preliminary figures released today by Canada Mortgage and Housing Corporation (CMHC). Total starts were boosted by a strong showing from single-detached home starts, which increased to 133 units from 35 units a year ago.

"Single-detached home construction benefited from a relatively tight resale market, which pushed demand towards the new home market," said David Lan, CMHC's London Market Analyst. "Homebuilders were the most active in the City of London during March, although activity was up in other parts of the CMA as well," added Lan.

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.

Aussi disponible en francais

March Housing Starts
            % Change
  Single Semi Row Apt Total Singles Total
London City              
Mar-10 111 0 18 4 133 363% 412%
Mar-09 24 0 0 2 26    
St. Thomas City              
Mar-10 7 0 0 0 7 75% 75%
Mar-09 4 0 0   4    
Rest of CMA              
Mar-10 15 0 0 0 15 114% 114%
Mar-09 7 0 0 0 7    
London CMA              
Mar-10 133 0 18 4 155 280% 319%
Mar-09 35 0 0 2 37    
       
January - March Housing Starts
            % Change
  Single Semi Row Apt Total Singles Total
London City              
Jan-Mar 10 303 0 27 6 336 304% 18%
Jan-Mar 09 75 0 3 206 284    
St. Thomas City              
Jan-Mar 10 26 0 0 0 26 271% 189%
Jan-Mar 09 7 2 0 0 9    
Rest of CMA              
Jan-Mar 10 31 0 0 0 31 158% 158%
Jan-Mar 09 12 0 0 0 12    
London CMA              
Jan-Mar 10 360 0 27 6 393 283% 29%
Jan-Mar 09 94 2 3 206 305    

Rest of CMA: Central Elgin, Thames Centre, and the Townships of Middlesex Centre, Southwold, Strathroy-Caradoc and Adelaide-Metcalfe

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

1 Statistics 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. The London CMA includes the cities of London and St. Thomas, the townships of Adelaide Metcalfe, Middlesex Centre, Southwold and Strathroy-Caradoc and the municipalities of Central Elgin and Thames Centre.

Contact Information

  • For additional information please contact / Pour obtenir de
    plus amples renseignements, veuillez communiquer avec:
    London: Canada Mortgage and Housing Corporation
    David Lan
    (519) 873-2426
    dlan@cmhc.ca
    or
    En francais:
    Canada Mortgage and Housing Corporation
    David Lan
    (519) 873-2426
    dlan@schl.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 or mobile (613) 816-5978
    csauriol@cmhc.ca