CMHC Says 2010 Home Starts Double

TORONTO, ONTARIO--(Marketwire - Jan. 11, 2011) - Preliminary data released today by CMHC show that there were 178 new home starts last month in the Hamilton Census Metropolitan Area (CMA). While total starts fell as compared to a year ago, single-detached starts were on the rise. Builders broke ground for 142 single-detached homes last month, up more than 50 per cent as compared to the same month a year ago. Most of these single-detached homes were started in the City of Hamilton.

For the 2010 year as a whole, new home starts nearly doubled to over 3,500 starts. There were more starts of all home types, with single-detached homes and townhouses leading the new home market.

"Starts were lower in December than all previous months of this year," said CMHC's Senior Market Analyst for Hamilton and Brantford. "This reflects the cooling of the market following a stronger-than-expected recovery," added Fong.

To view the graph associated with this press release, please visit the following link: http://media3.marketwire.com/docs/cmhc_hamilton_0111_figure.pdf

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.

Housing Starts December 2010
Hamilton CMA

				December						January - December
		Single	Semi	TH	Apt	Total	% Chg	Single	Semi	TH	Apt	Total	% Chg
Hamilton CMA
	December '10	142	2	34	0	178	-5.3%	1753	246	933	630	3562	91.5%
	December '09	91	26	71	0	188		899	134	473	354	1860
Burlington
	December '10	30	0	23	0	53	-28.4%	293	180	183	435	1091	57.0%
	December '09	19	26	29	0	74		141	120	80	354	695
Hamilton
	December '10	101	2	6	0	109	9.0%	1322	66	699	195	2282	116.7%
	December '09	64	0	36	0	100		675	14	364	0	1053
Grimsby
	December '10	11	0	5	0	16	14.3%	138	0	51	0	189	68.8%
	December '09	8	0	6	0	14		83	0	29	0	112
Halton Hills
	December '10	4	0	0	0	4	-50.0%	99	0	30	0	129	-24.6%
	December '09	8	0	0	0	8		62	0	56	53	171
Milton
	December '10	11	0	15	0	26	-79.8%	793	134	449	240	1616	-7.4%
	December '09	117	2	10	0	129		1180	260	306	0	1746
Oakville
	December '10	13	0	15	0	28	-24.3%	334	2	361	332	1029	118.0%
	December '09	24	0	13	0	37		274	0	198	0	472

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.

Aussi disponible en français.