Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

September 09, 2010 08:15 ET

August Housing Starts Lower in Kitchener

TORONTO, ONTARIO--(Marketwire - Sept. 9, 2010) - Canada Mortgage and Housing Corporation (CMHC) released August preliminary housing starts data for the Kitchener Census Metropolitan Area(1) (CMA) today. Construction began on 190 homes, down from the 236 units started in the same month last year.

To view the chart associated with this press release, please visit the following link: http://media3.marketwire.com/docs/cmhc0909kitchener.pdf.

Foundations were laid for 112 single-detached homes in August, down from the 134 units started in August 2009. Lower semi-detached and townhome starts, as well as the absence of apartment starts, also contributed to the lower housing starts in August. Only the City of Waterloo and the Township of North Dumfries had higher starts. In the first eight months of 2010, construction began on 2,046 homes, up more than 50 per cent from the 1,327 units started in the same period of 2009.

"August was only the second month this year in which starts were lower than the same month in 2009 and overall starts are still on pace to exceed the number recorded last year," said Erica McLerie, Senior Market Analyst for the Kitchener CMA. "As the local economy has improved with a rebound in employment growth in the last year, demand has increased for new homes," 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.

(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.

HOUSING STARTS - KITCHENER CMA
YEAR-OVER-YEAR COMPARISON - MONTH OF AUGUST AND YEAR-TO-DATE
 
  Single Semi TH Apt Total % Chg     Single Semi TH Apt Total % Chg  
Cambridge City               Cambridge City              
  August 2010 32 0 12 0 44 -26.7 %   YTD '10 173 2 54 65 294 -38.2 %
  August 2009 47 0 13 0 60       YTD '09 234 2 125 115 476    
Kitchener City               Kitchener City              
  August 2010 53 2 44 0 99 -25.6 %   YTD '10 449 80 233 203 965 76.1 %
  August 2009 46 8 79 0 133       YTD '09 252 20 186 90 548    
Waterloo City               Waterloo City              
  August 2010 9 0 12 0 21 200.0 %   YTD '10 91 0 20 460 571 329.3 %
  August 2009 5 0 0 2 7       YTD '09 49 0 29 55 133    
Woolwich Twp.               Woolwich Twp.              
  August 2010 11 0 8 0 19 -36.7 %   YTD '10 153 0 27 2 182 15.9 %
  August 2009 30 0 0 0 30       YTD '09 127 22 8 0 157    
North Dumfries Twp.             North Dumfries Twp.            
  August 2010 7 0 0 0 7 16.7 %   YTD '10 34 0 0 0 34 161.5 %
  August 2009 6 0 0 0 6       YTD '09 13 0 0 0 13    
KITCHENER CMA(2)             KITCHENER CMA(2)            
  August 2010 112 2 76 0 190 -19.5 %   YTD '10 900 82 334 730 2046 54.2 %
  August 2009 134 8 92 2 236       YTD '09 675 44 348 260 1327    
Source: CMHC
(2) Kitchener 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 français.

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