Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

August 09, 2016 08:15 ET

July 2016 Housing Starts in Brantford CMA

TORONTO, ONTARIO--(Marketwired - Aug. 9, 2016) - Housing starts in Brantford, Census Metropolitan Area (CMA) were trending up at 401 units in July compared to 373 units in June, according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts.

"The trend in Brantford CMA total housing starts rose in July, due to an increase in the multi-unit housing starts trend" said Abdul Kargbo, CMHC's Senior Market Analyst for the Hamilton and Brantford CMAs. "Despite this month's decline, single-detached homes have been the dominant type of home built in Brantford. Homebuyers are moving to Brantford from other communities to take advantage of relatively affordable new single-detached homes."

CMHC uses the trend measure as a complement to the monthly SAAR of housing starts to account for considerable swings in monthly estimates and obtain a more complete picture of the state of the housing market. In some situations, analysing only SAAR data can be misleading in some markets, as they are largely driven by the multiples segment of the markets which can be quite variable from one month to the next. The multiples segment includes apartments, rows and semi-detached homes.

The standalone monthly SAAR was 396 units in July, up from 195 units in June. July's increase in the SAAR measure was due to an increase in multi-unit housing starts.

Preliminary Housing Starts data is also available in English and French at the following link:
Preliminary Housing Starts Tables

As Canada's authority on housing, CMHC contributes to the stability of the housing market and financial system, provides support for Canadians in housing need, and offers objective housing research and information to Canadian governments, consumers and the housing industry.

For more information, visit our website at www.cmhc.ca or follow us on Twitter, YouTube, LinkedIn and Facebook.

Additional data is available upon request.

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To view the graph and tables associated with this release, please visit the following link: http://media3.marketwire.com/docs/1065228_E.pdf

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