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