Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

July 09, 2010 08:15 ET

Ottawa Housing Starts Lower in June

OTTAWA, ONTARIO--(Marketwire - July 9, 2010) - According to the latest preliminary data released by Canada Mortgage and Housing Corporation (CMHC), total housing starts in the Ottawa Census Metropolitan Area (CMA) reached 384 units in June. The second quarter of 2010 out-paced the same period last year by 29 per cent, with multiples leading the charge.

"Although the level of housing construction was lower in June, it is still in line with CMHC's forecast. The 23 per cent increase in housing starts for the first half of the year, when compared with 2009, placed total starts in Ottawa CMA above its twelve year average," said Sandra Pérez Torres, CMHC's Senior Market Analyst for Eastern and Northern Ontario.

Single-family starts fell by 35 per cent last month, dropping from 312 starts in June 2009 to 203 last month. "While new single-family starts' demand is starting to soften, strong job growth in recent months coupled with low mortgage rates will continue to stimulate demand for new homes in the multiple segment, particularly for those that provide bigger living spaces, such as townhomes and semi-detached homes. From a year-over-year perspective, these dwellings delivered positive growth every month this calendar year," concluded Pérez Torres.

To view the first graph associated with this release, please visit the following link: http://media3.marketwire.com/docs/ott-1.pdf.

Although the community of Nepean saw a decline of 60 per cent this month when compared to last year's numbers for June, it has been leading the way for new construction since 2002. Nepean, Goulbourn and Cumberland witnessed the foundation setting for both single family homes and townhomes, where Rideau and Osgoode only had single starts. Kanata's growth was from the multiples segment, most of them townhomes. 

To view the second graph associated with this release, please visit the following link: http://media3.marketwire.com/docs/ott-2.pdf.

When analyzing Ottawa's major areas on a year-to-date basis, Kanata reigns supreme with a 151 per cent jump in starts activity, followed closely by Goulbourn, Rideau Township and Osgoode, each exceeding 135 per cent of activity. Gloucester, Nepean and Cumberland continue to keep pace with one another, each growing 23, 22 and 21 per cent respectively. The volume leader continues to be Nepean, which is still outpacing the year-to-date numbers relative to last year. 

To view the third graph associated with this release, please visit the following link: http://media3.marketwire.com/docs/ott307092010.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. For more information, visit www.cmhc.ca or call 1-800-668-2642.

Ottawa Housing Starts

  Jun-09 Jun-10 % Change   2009 2010 % Change  
Single-Detached 312 203 -34.9 % 967 1,120 15.8 %
Multi-Family 210 181 -13.8 % 1,183 1,521 28.6 %
  Semi-Detached 10 10 0.0 % 89 162 82.0 %
  Row House 132 141 6.8 % 638 975 52.8 %
  Apartment 68 30 -55.9 % 456 384 -15.8 %
Total 522 384 -26.4 % 2,150 2,641 22.8 %
  • Ce document est aussi disponible en français

Contact Information

  • Ottawa (in English or French):
    Sandra Perez Torres
    Senior Market Analyst
    613-748-5120
    sperezto@cmhc.ca
    or
    Ontario:
    Ted Tsiakopoulos
    Regional Economist
    416-218-3407
    ttsiakop@cmhc.ca
    or
    Canada:
    Charles Sauriol
    Senior Media Relations Officer
    (613) 748-2799
    csauriol@cmhc.ca