Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

May 09, 2011 08:15 ET

Detached-Home Starts Leveling Off in London

LONDON, ONTARIO--(Marketwire - May 9, 2011) - New home starts were lower in the London Census Metropolitan Area1 (CMA) in April according to preliminary figures released today by Canada Mortgage and Housing Corporation (CMHC). Builders laid foundations for 133 homes compared to 224 in April 2010.

"While total new home construction in the London CMA moved lower, detached home starts leveled off," said David Lan CMHC's Senior Market Analyst for the London CMA. "On a year-over year basis, detached home starts were down by nine per cent in April compared to the 46 per cent in March 2011. Contrary to the trend elsewhere, starts were up in St.Thomas," added Lan.

As Canada's national housing agency, CMHC draws on 65 years of experience to help Canadians access a variety of high 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 informed decisions.

Aussi disponible en français

To view the figure associated with this release, please visit: http://media3.marketwire.com/docs/london_fig1.pdf.

Rest of CMA: Central Elgin, Thames Centre, and the Townships of Middlesex Centre, Southwold, Strathroy-Caradoc and Adelaide-Metcalfe

Source: CMHC Market Analysis

1 Statistics 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.

Contact Information

  • London: Canada Mortgage and Housing Corporation
    David Lan
    (519) 319-9040
    dlan@cmhc.ca

    En francais: Canada Mortgage and Housing Corporation
    David Lan
    (519) 873-2426
    dlan@schl.ca

    Ontario: Canada Mortgage and Housing Corporation
    Ted Tsiakopoulos
    (416) 218-3407
    ttsiakop@cmhc.ca

    Canada: Canada Mortgage and Housing Corporation
    Charles Sauriol
    (613) 748-2799
    Mobile (613) 316-2949
    csauriol@cmhc.ca