November 2012 Housing Starts in Barrie

TORONTO, ONTARIO--(Marketwire - Dec. 10, 2012) - Housing starts in the Barrie Census Metropolitan Area (CMA) were trending at 926 units in November, according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six month moving average of the monthly seasonally adjusted annual rates (SAAR)⁽¹⁾ of housing starts. The standalone monthly SAAR was 699 units in November, up from 539 in October.

"New construction in the Barrie CMA continues to perform well this year. The relatively affordable housing market in Barrie is attracting a variety of buyers," said Abdellah Massaoudi, CMHC's Market Analyst for Barrie.

CMHC uses the trend measure as a complement to the monthly SAAR of housing starts to account for considerable swings in monthly estimates and obtain a more complete picture of the state of the housing market. In some situations, analysing only SAAR data can be misleading in some markets, as they are largely driven by the multiples segment of the markets which can be quite variable from one month to the next. The multiples segment includes apartments, rows and semi-detached homes.

Single-detached starts added 29 actual units in November 2012. Other housing starts totalled 22 actual units in November while there was no construction of other housing types last year in November. Year-to-date housing starts reached 721, more rows and apartments were started compared to last year. Across the zones in the CMA, the City of Barrie has the biggest share of the new construction total.

Preliminary Housing Starts data is also available in English and French at the following link: Preliminary Housing Starts Tables.

As Canada's national housing agency, CMHC draws on more than 65 years of experience to help Canadians access a variety of quality, environmentally sustainable and affordable housing solutions. 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 informed decisions.

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All starts figures in this release, other than actual starts and the trend estimate, are seasonally adjusted annual rates (SAAR) - that is, monthly figures adjusted to remove normal seasonal variation and multiplied by 12 to reflect annual levels. By removing seasonal ups and downs, seasonal adjustment allows for a comparison from one season to the next and from one month to the next. Reporting monthly figures at annual rates indicates the annual level of starts that would be obtained if the monthly pace was maintained for 12 months. This facilitates comparison of the current pace of activity to annual forecasts as well as to historical annual levels.

Additional data is available upon request.

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Preliminary Housing Start Data
November 2012
Barrie, CMA(1)			November 2011	November 2012
	Actual
		November- Single-Detached	22	29
		November- Multiples	0	22
		November- Total	22	51
		January to Nov- Single-Detached	328	428
		January to November- Multiples	338	293
		January to November- Total	666	721
			October 2012	November 2012
	SAAR(2)
		Total	539	699

Source: CMHC

⁽¹⁾ Census Metropolitan Area

⁽²⁾ Seasonally Adjusted at Annual Rates

Detailed data available upon request.

Barrie Preliminary Actual Housing Start Data by Type
November 2012
Barrie, CMA(1)	Single		Semi		Row		Apt		Total
	2011	2012	2011	2012	2011	2012	2011	2012	2011	2012
List of Zones
Barrie C	6	13	0	0	0	13	0	9	6	35
Innisfil TP	12	9	0	0	0	0	0	0	12	9
Springwater TP	4	7	0	0	0	0	0	0	4	7
Total Barrie Starts	22	29	0	0	0	13	0	9	22	51
Barrie Preliminary Actual Housing Start Data by Type
Year to Date / 2011-2012
Barrie, CMA(1)	Single		Semi		Row		Apt		Total
	2011	2012	2011	2012	2011	2012	2011	2012	2011	2012
List of Zones
Barrie C	157	171	0	4	48	135	267	90	472	400
Innisfil TP	115	197	0	0	22	18	0	0	137	215
Springwater TP	56	60	1	0	0	13	0	33	57	106
Total Barrie Starts	328	428	1	4	70	166	267	123	666	721

⁽¹⁾ Census Metropolitan Area