Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

July 11, 2011 08:15 ET

Ottawa Starts in June Boost Year-to-Date Activity

OTTAWA, ONTARIO--(Marketwire - July 11, 2011) - 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 606 units in June, an increase of almost 60 per cent from a year ago. Year-to-date starts are down 9 per cent for the first six months of this year compared to the same period one year ago.

Multiple-family homes, most notably apartments, continue to be the main driver of new construction activity, representing almost two-thirds of new starts in the region. "Continued full-time steady employment along with record average weekly earnings levels propped up demand for all housing types, especially condominium apartments," said Sandra Pérez Torres, Senior Market Analyst at CMHC.

"June posted the highest number of starts so far this year and as a result, they boosted the year-to-date activity. Starts continue to be in line with CMHC's forecast for 2011," concluded Pérez Torres.

To view the graph associated with this release, please visit the following link: http://media3.marketwire.com/docs/711cmhc_ot1.jpg

Over forty percent of total starts activity was located in Nepean, of which most of them were condominium apartments and single family homes. Although single-detached dwellings seem to be slowing closer to the downtown core, they maintain a steady pace in the regions outside the Greenbelt such as Nepean, Cumberland and Gloucester. Along with Nepean, Kanata posted vigorous increase in housing starts in June, being mostly townhome starts.

To view the graph associated with this release, please visit the following link: http://media3.marketwire.com/docs/711cmhc_ot2.jpg

Although most regions remain behind last year, June's strong showing gave them back strenght. Worth noticing is downtown Ottawa which more than trippled last years numbers. As expected, over 75 per cent of housing starts in the Core were condominium apartments.

The other regions that registered positive growth were Gloucester and Rideau Twp. While Gloucester has a good mix of townhomes, single and semi-detached dwellings, it captures over one fourth of all semi-detached dwellings in the Ottawa CMA.

To view the graph associated with this release, please visit the following link: http://media3.marketwire.com/docs/711cmhc_ot3.jpg

Ottawa Housing Starts

Jun-10 Jun-11 % Change 2010 (YTD ) 2011 (YTD ) % Change
Single-Detached 203 239 17.7 % 1,120 875 -21.9 %
Multi-Family 181 367 102.8 % 1,521 1,539 1.2 %
Semi-Detached 10 40 300.0 % 162 157 -3.1 %
Row House 141 189 34.0 % 975 856 -12.2 %
Apartment 30 138 360.0 % 384 526 37.0 %
Total 384 606 57.8 % 2,641 2,414 -8.6 %

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.

For more information, visit www.cmhc.ca or call 1-800-668-2642.

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Contact Information

  • Ottawa (in English or French):
    Sandra Perez-Torres
    Senior Market Analyst
    613-748-5120
    sperezto@cmhc.ca

    Ontario:
    Ted Tsiakopoulos
    Regional Economist
    416-218-3407
    ttsiakop@cmhc.ca

    Canada:
    Charles Sauriol
    Senior Media Relations Officer
    (613) 748-2799
    csauriol@cmhc.ca