Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

February 08, 2011 08:15 ET

New Home Construction Slowed in January

TORONTO, ONTARIO--(Marketwire - Feb. 8, 2011) - January figures released today by Canada Mortgage and Housing Corporation (CMHC) reveal that total new home starts in the Oshawa Census Metropolitan Area (CMA) declined by 60 per cent compared to the same month last year. Only single-detached homes began construction last month. In all three of Oshawa's submarkets, home starts were significantly lower than in 2010 and were below the long term historical average.

"Housing starts in Oshawa have started the year slow, following a declining trend in new home sales beginning in the second half of 2010," said Inna Breidburg, Market Analyst with CMHC's Ontario Business Centre. "New home construction should improve as the Durham region benefits from stable housing demand and having a large share of the GTA's buildable low-rise lots," added Breidburg.

To view the graph associated with this press release, please visit the following link: http://media3.marketwire.com/docs/oshawa_0208.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  
JANUARY HOUSING STARTS
           SINGLE   SEMI   TH   APT          TOTAL  % CHG
  2010 2011 2010 2011 2010 2011 2010 2011 2010 2011  
Whitby 22 5 0 0 0 0 0 0 22 5 -77.3
Oshawa City 58 18 0 0 0 0 0 0 58 18 -69.0
Clarington 45 27 0 0 0 0 0 0 45 27 -40.0
OSHAWA CMA 125 50 0 0 0 0 0 0 125 50 -60.0
Pickering 5 3 0 0 0 0 0 0 5 3 -40.0
Ajax 30 4 4 0 13 0 0 0 47 4 -91.5
Uxbridge 0 0 0 0 0 0 0 0 0 0            NA
Brock 1 0 0 0 0 0 0 0 1 0 -100.0
Scugog 3 0 0 0 0 0 0 0 3 0 -100.0
DURHAM REGION 164 57 4 0 13 0 0 0 181 57 -68.5

Aussi disponible en français

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