Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

November 08, 2011 08:15 ET

Oshawa New Home Construction Slows in October

TORONTO, ONTARIO--(Marketwire - Nov. 8, 2011) - Canada Mortgage and Housing Corporation (CMHC) released new home construction figures for the Oshawa CMA (Census Metropolitan Area) today.

According to the release, Oshawa's total new home starts in October, at 144 units, were nine per cent lower than in the same month in 2010.

The decline was the result of a slower pace of new single-detached construction in Oshawa City, while housing starts in other sub-markets were at par with last year's numbers.

"Durham region remains a relatively affordable and popular destination for new low-rise homes. However, more restricted land supply has had an impact on where projects are being built. This month a higher share of housing starts in Durham was recorded in the Ajax area," said Inna Breidburg, Market Analyst with CMHC's Ontario Business Centre.

To view "Oshawa CMA Home Starts", please visit the following link: http://media3.marketwire.com/docs/oshawa_cma_home_starts.pdf

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.

HOUSING STARTS - DURHAM REGION
OCTOBER HOUSING STARTS
SINGLE SEMI TH APT TOTAL % CHG
2010 2011 2010 2011 2010 2011 2010 2011 2010 2011
Whitby 25 27 0 0 6 4 0 0 31 31 0.0
Oshawa City 77 45 0 0 0 16 0 0 77 61 -20.8
Clarington 28 29 0 0 23 23 0 0 51 52 2.0
OSHAWA CMA 130 101 0 0 29 43 0 0 159 144 -9
Pickering 6 20 0 0 0 29 0 0 6 49 **
Ajax 10 67 0 2 7 44 0 0 17 113 **
Uxbridge 1 5 0 0 0 0 0 0 1 5 **
Brock 0 5 0 0 0 0 0 0 0 5 NA
Scugog 2 2 0 0 0 0 0 0 2 2 0.0
DURHAM REGION 149 200 0 2 36 116 0 0 185 318 71.9

JANUARY-OCTOBER HOUSING STARTS
SINGLE SEMI TH APT TOTAL % CHG
2010 2011 2010 2011 2010 2011 2010 2011 2010 2011
Whitby 299 395 8 0 138 149 0 0 445 544 22.2
Oshawa City 545 274 2 40 16 77 0 32 563 423 -24.9
Clarington 424 418 0 0 101 125 12 0 537 543 1.1
OSHAWA CMA 1268 1087 10 40 255 351 12 32 1545 1510 -2
Pickering 59 125 0 0 40 76 0 235 99 436 **
Ajax 256 302 32 78 264 249 0 0 552 629 13.9
Uxbridge 39 44 0 0 0 0 0 0 39 44 12.8
Brock 7 15 0 0 0 0 0 0 7 15 114.3
Scugog 13 15 0 0 0 0 0 0 13 15 15.4
DURHAM REGION 1642 1588 42 118 559 676 12 267 2,255 2,649 17.5
Source: CMHC

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