Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

October 08, 2010 08:15 ET

More Townhouse Starts in Brantford

TORONTO, ONTARIO--(Marketwire - Oct. 8, 2010) - Townhouse starts during the third quarter of 2010 boosted total starts higher than they were in the same quarter a year ago in the Brantford Census Metropolitan Area (CMA)* according to preliminary figures unadjusted for seasonality released today by Canada Mortgage and Housing Corporation (CMHC). There were 122 starts in the third quarter of 2010 in the Brantford CMA.

In the first three quarters of 2010, housing starts were up by over a third at 400 starts, surpassing total starts for the 2009 year. Approximately three-quarters of the 2010 year to date starts were of single-detached homes, the majority of which were started in the City of Brantford. Construction of a few medium-to-high density rental apartment buildings also contributed to total starts during this period.

"More townhouse starts means there are more options for buyers in the new home market," said Sarah Fong, CMHC's Senior Market Analyst for Hamilton and Brantford. "While the majority of the townhouses started were in the City, there were more than a handful started in Brant County as well, added Fong.

To view the "Townhouses Boost New Home Starts" graph, please visit the following link:

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.

To view the "Housing Starts Third Quarter 2010 (Brantford CMA)" table, please visit the following link:

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