Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

October 08, 2010 08:15 ET

Barrie Starts Up from Last Year

TORONTO, ONTARIO--(Marketwire - Oct. 8, 2010) - Canada Mortgage and Housing Corporation (CMHC) released preliminary third quarter 2010 new home construction figures for the Barrie Census Metropolitan Area(1) (CMA) today. Builders started a total of 248 homes in the most recent quarter, up from the 143 starts in the third quarter of 2009. Single-detached homes represented the most significant portion of new construction followed by row homes and apartments. There were no semi-detached starts this quarter.

To view the "New Housing Starts (Barrie CMA)" graph, please visit the following link:

http://media3.marketwire.com/docs/barriehsng.pdf

"Single-detached homes remain the preferred housing option in this market" commented CMHC's Barrie Market Analyst, Edgard Navarrete. "But, apartments and row homes represented over one-third of total starts. The apartment market can be quite volatile and apartment starts can vary considerably from quarter to quarter," added Navarrete. 

(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.

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.

To view the "Housing Starts Barrie CMA" table, please visit the following link:

http://media3.marketwire.com/docs/cma3qb.pdf

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 :
    Barrie :
    Edgard Navarrete
    (416) 218-3329
    enavarre@cmhc.ca
    or
    En Francais:
    David Lan
    (519) 873-2426
    dlan@schl.ca
    or
    Ontario:
    Ted Tsiakopoulos
    (416) 218-3407
    ttsiakop@cmhc.ca
    or
    Canada:
    Charles Sauriol
    (613) 748-2799 or Mobile: (613) 316-2949
    csauriol@cmhc.ca