Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

July 09, 2010 08:15 ET

June New Home Construction Up From Last Year

TORONTO, ONTARIO--(Marketwire - July 9, 2010) - Preliminary June figures released today by Canada Mortgage and Housing Corporation (CMHC) indicate a total of 201 new home starts in the Oshawa Census Metropolitan Area (CMA). Housing starts more than doubled the level seen in June last year yet hovered below the long term average for the area. The increase in total starts was led by the dominant single-detached segment. All three of Oshawa's submarkets saw an improvement in new housing starts.

To view the graph associated with this press release, please visit the following link: http://media3.marketwire.com/docs/0709_cma_home_starts_graph.pdf

"The pace of new home construction has recovered significantly from last year. Nevertheless, the rise in housing starts in the Oshawa CMA has been somewhat limited by the relatively low number of new projects coming on stream. As a result, homebuyers have been turning to the better-supplied resale market this year," said Inna Breidburg, CMHC's Market Analyst.

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 - DURHAM REGION

JUNE HOUSING STARTS
  SINGLE   SEMI   TH   APT TOTAL % CHG
  2009 2010 2009 2010 2009 2010 2009 2010 2009 2010  
Whitby 18 48 0 0 6 26 0 0 24 74 **
Oshawa City 19 48 0 0 22 0 0 0 41 48 17.1
Clarington 23 73 0 0 0 6 0 0 23 79 **
OSHAWA CMA 60 169 0 0 28 32 0 0 88 201 128.4
Pickering 1 5 0 0 0 0 0 0 1 5 **
Ajax 44 29 8 2 14 18 0 0 66 49 -25.8
Uxbridge 6 4 0 0 0 0 0 0 6 4 -33.3
Brock 8 3 0 0 0 0 0 0 8 3 -62.5
Scugog 1 1 0 0 0 0 0 0 1 1 0.0
DURHAM REGION 120 211 8 2 42 50 0 0 170 263 54.7

 

 
JANUARY- JUNE HOUSING STARTS
  SINGLE   SEMI   TH   APT TOTAL % CHG
  2009 2010 2009 2010 2009 2010 2009 2010 2009 2010  
Whitby 71 181 0 0 11 33 0 0 82 214 161.0
Oshawa City 77 372 0 0 22 0 0 0 99 372 **
Clarington 117 251 0 0 0 32 0 8 117 291 148.7
OSHAWA CMA 265 804 0 0 33 65 0 8 298 877 194.3
Pickering 17 39 0 0 6 0 0 0 23 39 69.6
Ajax 145 199 12 24 39 139 0 0 196 362 84.7
Uxbridge 11 21 0 0 11 0 0 0 22 21 -4.5
Brock 22 5 0 0 0 0 0 0 22 5 -77.3
Scugog 2 5 0 0 0 0 100 0 102 5 -95.1
DURHAM REGION 462 1,073 12 24 89 204 100 8 663 1,309 97.4

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Contact Information

  • For additional information please contact/Pour obtenir de
    plus amples renseignements, veuillez communiquer avec:
    Durham: Canada Mortgage and Housing Corporation
    Inna Breidburg
    (416) 218-3425
    ibreidbu@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
    csauriol@cmhc.ca
    www.cmhc.ca