TORONTO, ONTARIO--(Marketwire - June 8, 2012) - According to preliminary data released by the Canada Mortgage and Housing Corporation (CMHC) today, a total of 218 homes were started in May in the Oshawa Census Metropolitan Area (CMA), including 167 single-detached homes and 51 townhouses. Although total home starts rose by a modest two per cent, starts of single-family homes were up by 26 per cent compared to the same period last year. Nearly 75 per cent of the new single-detached construction last month was registered in Clarington.
"Sites available for low-density housing development and infrastructure capacity constraints are playing a greater role today compared to even just a few years ago. The development opportunities available in Clarington are expected to bring more new home construction into this sub-market," said Inna Breidburg, Market Analyst with CMHC's Ontario Business Centre.
As Canada's national housing agency, CMHC draws on more than 65 years of experience to help Canadians access a variety of high quality, environmentally sustainable and affordable housing solutions. 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 informed decisions.
For more information, visit www.cmhc.ca or call 1-800-668-2642. CMHC Market Analysis standard reports are also available free for download at CMHC Housing Market Information.
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