Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

April 12, 2010 08:15 ET

Peterborough Housing Starts Up

TORONTO, ONTARIO--(Marketwire - April 12, 2010) - Canada Mortgage and Housing Corporation (CMHC) released preliminary first quarter new home starts data for the Peterborough Census Metropolitan Area (CMA) today. In the first quarter, new home construction nearly doubled to 44 starts from the 24 starts recorded in the same period of 2009. After last year's drop in starts, new residential construction activity bounced back strongly in the first quarter, led by single-detached homes.

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

"Improving economic conditions pushed up demand for new homes in the first quarter. The single-detached home segment led starts while apartments and semi-detached units were back on the scene," said Abdellah Massaoudi, CMHC Market Analyst for the Peterborough CMA. "Record low interest rates and spillover demand from the resale housing market contributed to the new housing construction rebound," added Massaoudi.

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

HOUSING STARTS PETERBOROUGH CMA          
  FIRST QUARTER
  SINGLE SEMI-DETACHED ROW APARTMENT TOTAL Yr/Yr%CHG
  2009 2010 2009 2010 2009 2010 2009 2010 2009 2010
Peterborough C 7 24 0 2 10 0 0 0 17 26 52.9%
Douro-Dummer TP 5 2 0 0 0 0 0 0 5 2 -60.0%
Cavan-Millbrook-North Monaghan TP 0 3 0 0 0 0 0 0 0 3 -
Otonabee-South Monaghan TP 0 0 0 0 0 0 0 0 0 0 -
Smith-Ennismore-Lakefield TP 2 9 0 0 0 0 0 4 2 13 550.0%
Peterborough CMA 14 38 0 2 10 0 0 4 24 44 83.3%
 
Source: Canada Mortgage and Housing Corporation
 

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Contact Information

  • For additional information, please contact / Pour obtenir de
    plus amples renseignements, veuillez communiquer avec:
    Local in English or French:
    Canada Mortgage and Housing Corporation - Abdellah Massaoudi
    (416) 218-3461
    amassaou@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 or Cell: (613) 816-5978
    csauriol@cmhc.ca
    www.cmhc.ca