CMHC Reports July Housing Starts Lower in Windsor

WINDSOR, ONTARIO--(Marketwire - Aug. 9, 2011) - New home starts were down in July in the Windsor Census Metropolitan Area¹ (CMA) according to preliminary data released today by Canada Mortgage and Housing Corporation (CMHC). Builders laid foundations for 56 residential units compared to 73 units in July 2010.

"The trend in single-detached construction is still upward in Windsor," said Margot Stevenson, Market Analyst for Canada Mortgage and Housing Corporation. "Despite a small decrease in the number of single-detached homes started in July, it was still the second strongest posting for that month since 2005," added Stevenson.

July starts in the Windsor area included 50 single-detached homes, two semi-detached homes and four townhomes. Year-to-date, builders started 226 single-detached homes, 14 semi-detached homes, 73 townhomes and eight apartments in the Windsor CMA, down 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.

¹Statistics 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

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