Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

September 09, 2010 08:15 ET

New Home Construction Growth Moderates in Oshawa

TORONTO, ONTARIO--(Marketwire - Sept. 9, 2010) - Canada Mortgage and Housing Corporation (CMHC) released preliminary new home construction figures for the Oshawa Census Metropolitan Area (CMA) today. Total August housing starts, at 135 units, were nearly 30 per cent higher than in the same month last year. Despite the increase, starts last month represented the second lowest August total out of the past 15 years. Due to robust gains in the first half of 2010, year-to-date home starts are up by 155 per cent from last year.

"The softening in resale market conditions, coupled with the recent slow down in new home sales activity signal that the pace of new home construction in Oshawa will moderate going forward. Expect the year-over-year growth momentum to decelerate further in coming months," said Inna Breidburg, CMHC's Market Analyst.

To view the graph associated with this Press Release, please visit the following link: http://media3.marketwire.com/docs/oshawa-graph.pdf.

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
AUGUST HOUSING STARTS
  SINGLE SEMI TH APT TOTAL % CHG
  2009 2010 2009 2010 2009 2010 2009 2010 2009 2010  
Whitby 14 25 0 0 0 15 0 0 14 40 185.7
Oshawa City 39 31 0 0 16 0 0 0 55 31 -43.6
Clarington 36 60 0 0 0 0 0 4 36 64 77.8
OSHAWA CMA 89 116 0 0 16 15 0 4 105 135 28.6
Pickering 2 4 0 0 0 34 0 0 2 38 **
Ajax 44 13 6 2 0 21 0 0 50 36 -28.0
Uxbridge 1 11 0 0 0 0 0 0 1 11 **
Brock 0 0 0 0 8 0 0 0 8 0 -100.0
Scugog 2 2 0 0 0 0 0 0 2 2 0.0
DURHAM REGION 138 146 6 2 24 70 0 4 168 222 32.1
 
JANUARY- AUGUST HOUSING STARTS
  SINGLE SEMI TH APT TOTAL % CHG
  2009 2010 2009 2010 2009 2010 2009 2010 2009 2010  
Whitby 103 221 0 0 17 99 0 0 120 320 166.7
Oshawa City 134 455 0 2 41 8 0 0 175 465 165.7
Clarington 179 362 0 0 0 51 0 12 179 425 137.4
OSHAWA CMA 416 1,038 0 2 58 158 0 12 474 1,210 155
Pickering 22 49 0 0 6 34 0 0 28 83 196.4
Ajax 219 229 30 28 43 215 0 0 292 472 61.6
Uxbridge 13 32 0 0 11 0 0 0 24 32 33.3
Brock 22 5 0 0 8 0 0 0 30 5 -83.3
Scugog 4 9 0 0 0 0 100 0 104 9 -91.3
DURHAM REGION 696 1,362 30 30 126 407 100 12 952 1,811 90.2

Aussi disponible en francais.  

Contact Information

  • For additional information please contact/Pour obtenir de
    plus amples renseignements, veuillez communiquer avec :
    Canada Mortgage and Housing Corporation, Durham:
    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