Oshawa Housing Starts Remain Steady in June

TORONTO, ONTARIO--(Marketwire - July 11, 2011) - According to Canada Mortgage and Housing Corporation (CMHC), construction began on a total of 197 homes in June in the Oshawa Census Metropolitan Area (CMA), virtually unchanged from the same period last year. Single-detached homes have accounted for a record share (91 per cent) of total housing starts so far this year.

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"An extended period of tight resale market conditions and record low borrowing costs have resulted in stronger demand for new homes and an improved pace of new home construction in recent months," said Inna Breidburg, Market Analyst with CMHC's Ontario Business Centre.

As Canada's national housing agency, CMHC draws on 65 years of experience to help Canadians access a variety of high 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 informed decisions.

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