Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

December 08, 2010 08:15 ET

CMHC Says New Home Starts Increase in Hamilton

TORONTO, ONTARIO--(Marketwire - Dec. 8, 2010) - Preliminary data released today by CMHC show that there were 272 new home starts last month in the Hamilton Census Metropolitan Area (CMA). More starts of single-detached homes, townhouses and apartments in Burlington boosted total starts and offset the lower-than-average number of monthly starts in the City of Hamilton. There was an almost equal split between starts in Burlington and the City of Hamilton and just nine starts in Grimsby.

Single-detached homes accounted for exactly half of all new home starts last month, and apartments and townhouses made up the vast majority of the remaining starts. There were 65 apartments started during the month in Burlington, contributing to the total of 630 for the year so far. The majority of the apartment starts this year have been condominium apartments, all of which were in Burlington.

"There were more new home starts in Burlington than average for this year" said Sarah Fong, CMHC's Senior Market Analyst for Hamilton. "The starts in Burlington have primarily consisted of townhouses and apartments." added Fong.

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.

To view the graph associated with this press release, please visit the following link:

http://media3.marketwire.com/docs/hamgraph.pdf.

Housing Starts November 2010
Hamilton CMA
      November         January - November 
  Single Semi TH Apt Total % Chg Single Semi TH Apt Total % Chg
Hamilton CMA                        
  November '10 136 4 67 65 272 45.5% 1611 244 899 630 3384 102.4%
  November '09 80 44 63 0 187   808 108 402 354 1672  
Burlington                        
  November '10 28 2 42 65 137 197.8% 263 180 160 435 1038 67.1%
  November '09 6 40 0 0 46   122 94 51 354 621  
Hamilton                        
  November '10 99 2 25 0 126 -6.0% 1221 64 693 195 2173 128.0%
  November '09 67 4 63 0 134   611 14 328 0 953  
Grimsby                        
  November '10 9 0 0 0 9 28.6% 127 0 46 0 173 76.5%
  November '09 7 0 0 0 7   75 0 23 0 98  
Halton Hills                        
  November '10 6 0 0 0 6 -93.3% 95 0 30 0 125 -23.3%
  November '09 13 0 24 53 90   54 0 56 53 163  
Milton                        
  November '10 4 10 72 80 166 -50.3% 782 134 434 240 1590 -1.7%
  November '09 181 94 59 0 334   1063 258 296 0 1617  
Oakville                        
  November '10 12 0 104 0 116 222.2% 321 2 346 332 1001 130.1%
  November '09 31 0 5 0 36   250 0 185 0 435  
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:
    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