Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

February 08, 2011 08:15 ET

London Starts Begin 2011 on a Positive Note

LONDON, ONTARIO--(Marketwire - Feb. 8, 2011) - New home starts were higher in the London Census Metropolitan Area(1) (CMA) in January according to preliminary figures released today by Canada Mortgage and Housing Corporation (CMHC). The foundation was laid for a high-rise apartment building with nearly 200 units, which offset the decline in single-detached home starts.

"Despite the bad weather, January turned out to be strong month for starts with a large apartment project getting underway," said David Lan, CMHC's London Market Analyst. "Single-detached home starts were down, so possibly the weather had a bigger impact here," added Lan.

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.

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January Housing Starts  
            % Change  
  Single Semi Row Apt Total Singles   Total  
London City                  
  Jan-11 29 0 6 193 228 -53 % 240 %
  Jan-10 62 0 5 0 67        
St. Thomas City                  
  Jan-11 10 0 0 0 10 11 % 11 %
  Jan-10 9 0 0 0 9        
Rest of CMA                  
  Jan-11 5 0 0 0 5 -17 % -17 %
  Jan-10 6 0 0 0 6        
London CMA                  
  Jan-11 44 0 6 193 243 -43 % 196 %
  Jan-10 77 0 5 0 82        

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

  • For additional information please contact / Pour obtenir de
    plus amples renseignements, veuillez communiquer avec:
    London: Canada Mortgage and Housing Corporation
    David Lan
    (519) 873-2426
    dlan@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 mobile: (613) 816-5978
    csauriol@cmhc.ca