Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

July 09, 2010 08:15 ET

Peterborough Housing Starts Continues to Rise

TORONTO, ONTARIO--(Marketwire - July 9, 2010) - Canada Mortgage and housing Corporation (CMHC) released preliminary second quarter new home starts data for the Peterborough Census Metropolitan Area (CMA) today. In the second quarter, new home construction rose by 62 per cent from a year earlier. This increase stems from an increase in single-detached homes outside of Peterborough City and the surge in the construction of semi-detached homes and row houses inside the city. In the first half of 2010, starts jumped by 66 per cent from the same period of last year.

To view the graph associated with this release, please visit the following link: http://media3.marketwire.com/docs/petcmhc%207.09.pdf

"These data confirm the ongoing popularity of single-detached homes in Peterborough," said Abdellah Massaoudi, CMHC Market Analyst for the Peterborough CMA. "Pent-up demand combined with record low mortgage rates and spillover demand from the resale housing market helped boost new housing construction in the first half of 2010," added Massaoudi.

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.

HOUSING STARTS PETERBOROUGH CMA
   SECOND QUARTER
SINGLE SEMI-DETACHED ROW APARTMENT TOTAL Yr/Yr
2009 2010 2009 2010 2009 2010 2009 2010 2009 2010  %CHG
Peterborough C 50 77 0 12 8 35 30 0 88 124 40.9%
Douro-Dummer TP 2 10 0 0 0 0 0 0 2 10 400.0%
Cavan-Millbrook-North Monaghan TP 4 10 0 0 0 0 0 0 4 10 150.0%
Otonabee-South Monaghan TP 1 6 0 0 0 0 0 0 1 6 500.0%
Smith-Ennismore-Lakefield TP 8 17 0 0 0 0 0 0 8 17 112.5%
Peterborough CMA 65 120 0 12 8 35 30 0 103 167 62.1%

 

HOUSING STARTS PETERBOROUGH CMA
   January-June
SINGLE SEMI-DETACHED ROW APARTMENT TOTAL Yr/Yr
2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 %CHG
Peterborough C 57 101 0 14 18 35 30 0 105 150 42.9%
Douro-Dummer TP 7 12 0 0 0 0 0 0 7 12 71.4%
Cavan-Millbrook-North Monaghan TP 4 13 0 0 0 0 0 0 4 13 225.0%
Otonabee-South Monaghan TP 1 6 0 0 0 0 0 0 1 6 500.0%
Smith-Ennismore-Lakefield TP 10 26 0 0 0 0 0 4 10 30 200.0%
Peterborough CMA 79 158 0 14 18 35 30 4 127 211 66.1%
 
Source: CMHC        
 

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Contact Information

  • For additional information, please contact / Pour obtenir de
    plus amples renseignements, veuillez communiquer avec:
    Local in English or French:
    Canada Mortgage and Housing Corporation: Abdellah Massaoudi
    (416) 218-3461
    amassaou@cmhc.ca
    or
    Ontario:
    Canada Mortage and Housing Corporation
    Ted Tsiakopoulos
    (416) 218-3407
    ttsiakop@cmhc.ca
    or
    Canada:
    Charles Sauriol
    Office: (613) 748-2799, or Cell: (613) 816-5978
    csauriol@cmhc.ca
    www.cmhc.ca