Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

March 08, 2011 08:15 ET

CMHC: February Starts Are Close to Five-Year Average

TORONTO, ONTARIO--(Marketwire - March 8, 2011) - Canada Mortgage and Housing Corporation (CMHC) released new home construction figures for the Oshawa Census Metropolitan Area (CMA) today. Total February housing starts, at 90 units, were around last year's level and the five-year average for this month. The single-detached segment experienced a 30 per cent decline in starts compared to February 2010. Growth in housing construction was primarily driven by 32 semi-detached units that started last month in Oshawa City.

To view the graph associated with this release, please visit the following link: http://media3.marketwire.com/docs/cmhc0308oshe.jpg.

"The Oshawa CMA provides a source of affordable single-detached housing in the Greater Toronto Area, which is attracting more interest from homebuyers.

Furthermore, improved sales of semi-detached homes since the middle of 2010 are translating into increased starts of this housing type this year," said Inna Breidburg, Market Analyst with CMHC's Ontario Business Centre.

As Canada's national housing agency, CMHC draws on 65 years of experience to help Canadians access a variety of high 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 informed decisions.

HOUSING STARTS - DURHAM REGION
FEBRUARY HOUSING STARTS
  SINGLE SEMI TH APT TOTAL % CHG
  2010 2011 2010 2011 2010 2011 2010 2011 2010 2011  
Whitby 10 18 0 0 0 0 0 0 10 18 80.0
Oshawa City 49 20 0 32 0 0 0 0 49 52 6.1
Clarington 24 20 0 0 0 0 0 0 24 20 -16.7
OSHAWA CMA 83 58 0 32 0 0 0 0 83 90 8.4
Pickering 3 19 0 0 0 0 0 235 3 254 **
Ajax 14 37 0 0 4 0 0 0 18 37 105.6
Uxbridge 0 4 0 0 0 0 0 0 0 4 NA
Brock 0 0 0 0 0 0 0 0 0 0 NA
Scugog 0 2 0 0 0 0 0 0 0 2 NA
DURHAM REGION 100 120 0 32 4 0 0 235 104 387 **
 
JANUARY- FEBRUARY HOUSING STARTS
  SINGLE SEMI TH APT TOTAL % CHG
  2010 2011 2010 2011 2010 2011 2010 2011 2010 2011  
Whitby 32 23 0 0 0 0 0 0 32 23 -28.1
Oshawa City 107 38 0 32 0 0 0 0 107 70 -34.6
Clarington 69 47 0 0 0 0 0 0 69 47 -31.9
OSHAWA CMA 208 108 0 32 0 0 0 0 208 140 -33
Pickering 8 22 0 0 0 0 0 235 8 257 **
Ajax 44 41 4 0 17 0 0 0 65 41 -36.9
Uxbridge 0 4 0 0 0 0 0 0 0 4 NA
Brock 1 0 0 0 0 0 0 0 1 0 -100.0
Scugog 3 2 0 0 0 0 0 0 3 2 -33.3
DURHAM REGION 264 177 4 32 17 0 0 235 285 444 55.8
Source: Canada Mortgage and Housing Corporation

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Contact Information

  • Durham: Canada Mortgage and Housing Corporation
    Inna Breidburg
    (416) 218-3425
    ibreidbu@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
    csauriol@cmhc.ca