Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

December 08, 2010 08:15 ET

Oshawa Starts Highest Since 2008

TORONTO, ONTARIO--(Marketwire - Dec. 8, 2010) - The Canada Mortgage and Housing Corporation (CMHC) released preliminary housing starts for November today. The total number of starts in the Oshawa Census Metropolitan Area (CMA) increased by 47 per cent from last year to reach 228 units. The combination of strong home starts of both single-detached and multiple-family housing types (which consist of semi-detached, townhouses and apartments) led to the highest monthly total so far this year. Whitby accounted for more than 60 per cent of Oshawa CMA starts.

"The Oshawa area has seen a strong rebound in employment during 2010. Job recovery, along with sustained low interest rates, have lifted demand for new homes and led to stronger new home construction," said Inna Breidburg, Market Analyst with CMHC's Ontario Business Centre. 

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.

Aussi disponible en français

To view the "Oshawa CMA Home Starts" graph, please visit the following link:

http://media3.marketwire.com/docs/oswacma.pdf

To view the "Housing Starts - Durham Region" table, please visit the following link:

http://media3.marketwire.com/docs/oswatbl.pdf

Contact Information

  • For additional information please contact/
    Pour obtenir de plus amples renseignements,
    veuillez communiquer avec:
    Durham: Inna Breidburg
    (416) 218-3425
    ibreidbu@cmhc.ca
    or
    En francais: David Lan
    (519) 873-2426
    dlan@schl.ca
    or
    Ontario: Ted Tsiakopoulos
    (416) 218-3407
    ttsiakop@cmhc.ca
    or
    Canada: Charles Sauriol
    (613) 748-2799
    csauriol@cmhc.ca