Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

April 08, 2011 08:16 ET

CMHC Reports March Housing Starts Lower in Windsor

WINDSOR, ONTARIO--(Marketwire - April 8, 2011) - New home starts were lower in March in the Windsor Census Metropolitan Area1 (CMA) according to preliminary data released today by Canada Mortgage and Housing Corporation (CMHC). Builders laid foundations for 13 residential units compared to 28 units in March 2010.

"Although starts were down in March, the first quarter numbers are up, due to a surge in row starts in the City of Windsor" said Margot Stevenson, Market Analyst for Canada Mortgage and Housing Corporation. "Residential construction has been on an upward trend since early 2009 in Windsor," added Stevenson.

Single-detached homes accounted for all of the 13 starts in March. Year-to-date, builders started 41 single-detached homes, four semi-detached homes and 34 townhomes in the Windsor CMA, up 11 per cent from the same period in 2010.

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. 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.

To view Figure 1, please visit the following link: http://media3.marketwire.com/docs/CMHC-WIN-F1.pdf

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