CMHC Reports Home Starts Lower in January

TORONTO, ONTARIO--(Marketwire - Feb. 8, 2011) - Builders started just 67 new homes in the Hamilton Census Metropolitan Area (CMA) last month, according to preliminary housing starts data released today by Canada Mortgage and Housing Corporation (CMHC). Starts were down as compared to recent months, but were not unusually low for this time of the year. The majority of the homes were started in the City of Hamilton. Nearly all of the homes started last month were single-detached homes.

"There were fewer starts of townhouses last month which led to lower total starts," said Sarah Fong, CMHC's Senior Market Analyst for Hamilton and Brantford. "Also, January also tends to be one of the slowest months of the year for new home starts," added Fong.

To view the graph associated with this release, please visit the following link: http://media3.marketwire.com/docs/cmhc0208ham.jpg.

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 — homes that will continue to create vibrant and healthy communities and cities across the country. For more information, visit www.cmhc.ca or call 1 800 668-2642.

Housing Starts January 2011

Hamilton CMA

		January
		Single	Semi	TH	Apt	Total	% Chg
Hamilton CMA
	Jan-11	64	0	3	0	67	-85.4	%
	Jan-10	93	14	106	245	458
Burlington
	Jan-11	14	0	0	0	14	-93.9	%
	Jan-10	8	14	25	182	229
Hamilton
	Jan-11	43	0	3	0	46	-79.0	%
	Jan-10	75	0	81	63	219
Grimsby
	Jan-11	7	0	0	0	7	-30.0	%
	Jan-10	10	0	0	0	10
Halton Hills
	Jan-11	5	2	0	0	7	-84.4	%
	Jan-10	15	0	30	0	45
Milton
	Jan-11	107	0	13	0	120	-46.9	%
	Jan-10	206	20	0	0	226
Oakville
	Jan-11	3	0	0	0	3	-93.8	%
	Jan-10	6	0	42	0	48

Source: CMHC

*Hamilton Census Metropolitan Area (CMA) includes the City of Hamilton, Burlington, and Grimsby. Statistics Canada defines a CMA as one or more adjacent municipalities integrated with an urban core. A CMA must have a total population of at least 100,000.

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