CMHC Reports August Housing Starts Up in Windsor

WINDSOR, ONTARIO--(Marketwire - Sept. 9, 2011) - New home starts were up in August in the Windsor Census Metropolitan Area⁽¹⁾ (CMA) according to preliminary data released today by Canada Mortgage and Housing Corporation (CMHC). Builders laid foundations for 73 homes compared to 50 in August 2010.

"Rising sales and fewer new listings in the resale market mean stronger housing demand is stimulating new construction in Windsor," said Margot Stevenson, Senior Market Analyst for Canada Mortgage and Housing Corporation. "Improving employment opportunities locally resulted in stronger demand for new homes," added Stevenson.

August starts in the Windsor area included 54 single-detached homes, four semi-detached homes and 15 townhomes. Year-to-date, builders started 280 single-detached homes, 18 semi-detached homes, 88 townhomes and eight apartments in the Windsor CMA, up three per cent from the same period in 2010.

As Canada's national housing agency, CMHC draws on more than 65 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.

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To view the table (Housing Starts - Windsor CMA) associated with this release, please visit the following link:

http://media3.marketwire.com/docs/windsor.jpg.

⁽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.