Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

July 09, 2010 08:15 ET

June Housing Starts Jump in Kitchener

TORONTO, ONTARIO--(Marketwire - July 9, 2010) - Canada Mortgage and Housing Corporation (CMHC) released June preliminary housing starts data for the Kitchener Census Metropolitan Area1 (CMA) today. Construction began on 388 homes, more than double the 146 units started in the same month last year.

To view the graph associated with this release, please visit the following link: http://media3.marketwire.com/docs/kitchener_cma_housing_starts_0709.pdf

Builders poured foundations for 135 single-detached homes in June, up from the 77 units started in June 2009. While townhouse starts increased, it was the surge in apartment starts that pulled total starts significantly higher. Cambridge and Kitchener starts were higher due to the increase in both single-detached and apartment starts. In the first half of 2010, construction began on 1,566 homes, up from the 831 units started in the same period of 2009.

"Residential construction in the first half of this year was at the highest level in five years," said Erica McLerie, Senior Market Analyst for the Kitchener CMA. "The strong level of apartment construction, as well as the increased demand for new homes in the latter part of 2009 and early 2010 were responsible for the strength of new residential construction this year," added McLerie.

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 - KITCHENER CMA                            
YEAR-OVER-YEAR COMPARISON - MONTH OF JUNE AND YEAR-TO-DATE                          
                 
  Single Semi TH Apt Total % Chg   Single Semi TH Apt Total % Chg
Cambridge City             Cambridge City            
 June 2010 49 0 15  61 125 346.4% YTD '10 126 2 30 65 223 -19.2%
 June 2009 17 0 11 0 28   YTD '09 174 2 100 0 276  
Kitchener City             Kitchener City            
 June 2010 55 14 45 114 228 375.0% YTD '10 355 72 171 185 783 132.3%
 June 2009 37 2 9 0 48   YTD '09 159 12 92 74 337  
Waterloo City             Waterloo City            
 June 2010 6 0 4 0 10 -76.7% YTD '10 67 0 8 320 395 255.9%
 June 2009 8 0 5 30 43   YTD '09 33 0 25 53 111  
Woolwich Twp.             Woolwich Twp.            
 June 2010 19 0 0 0 19 -26.9% YTD '10 119 0 19 2 140 35.9%
 June 2009 14 12 0 0 26   YTD '09 77 18 8 0 103  
North Dumfries Twp.             North Dumfries Twp.            
 June 2010 6 0 0 0 6 500.0% YTD '10 25 0 0 0 25 525.0%
 June 2009 1 0 0 0 1   YTD '09 4 0 0 0 4  
KITCHENER CMA2             KITCHENER CMA2            
 June 2010 135 14 64 175 388 165.8% YTD '10 692 74 228 572 1566 88.4%
 June 2009 77 14 25 30 146   YTD '09 447 32 225 127 831  
Source: CMHC                          
2Kitchener CMA includes Kitchener, Waterloo, Cambridge, Woolwich and North Dumfries                          

For more information, visit www.cmhc.ca or call 1 800 668-2642.

Aussi disponible en français


1Statistics 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

  • Canada Mortgage and Housing Corporation
    Kitchener:
    Erica McLerie
    (416) 218-3318
    emclerie@cmhc.ca
    or
    Canada Mortgage and Housing Corporation
    En francais:
    David Lan
    (519) 873-2426
    dlan@cmhc.ca
    or
    Canada Mortgage and Housing Corporation
    Ontario:
    Ted Tsiakopoulos
    (416) 218-3407
    ttsiakop@cmhc.ca
    or
    Canada Mortgage and Housing Corporation
    Canada:
    Charles Sauriol
    (613) 748-2799
    csauriol@cmhc.ca