Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

January 11, 2011 08:15 ET

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.

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Contact Information

  • For additional information please contact / Pour obtenir de
    plus amples renseignements, veuillez communiquer avec:
    Hamilton CMA: Canada Mortgage and Housing Corporation
    Sarah Fong
    (416) 250-3294
    sfong@cmhc.ca
    or
    En francais: Canada Mortgage and Housing Corporation
    David Lan
    (519) 873-2426
    dlan@schl.ca
    or
    Ontario: Canada Mortgage and Housing Corporation
    Ted Tsiakopoulos
    (416) 218-3407
    ttsiakop@cmhc.ca
    or
    Canada: Canada Mortgage and Housing Corporation
    Charles Sauriol
    (613) 748-2799 or (613) 816-5978
    csauriol@cmhc.ca