Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

July 11, 2011 08:15 ET

Peterborough Housing Starts Down Again

TORONTO, ONTARIO--(Marketwire - July 11, 2011) - 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 dropped to 117 starts from the 167 starts registered in the same period of 2010.

To view the graph associated with this release, please visit the following link: http://media3.marketwire.com/docs/cmhc0711ptboge.jpg.

"Starts fell in the second quarter compared to the same period of last year, reflecting a slowdown in singles and semi-detached construction. The decrease in single-detached construction occurred throughout Peterborough CMA, however, while townhouse starts were down in Peterborough City, they were up in Smith-Ennismore-Lakefield," said Abdellah Massaoudi, CMHC Market Analyst for the Peterborough CMA. "While mortgage rates are still low, uncertainty about the employment market in Peterborough CMA continues to restrain demand for new homes," 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 %CHG
2010 2011 2010 2011 2010 2011 2010 2011 2010 2011
Peterborough C 77 67 12 2 35 25 0 0 124 94 -24.2 %
Douro-Dummer TP 10 2 0 0 0 0 0 0 10 2 -80.0 %
Cavan-Millbrook-North Monaghan TP 10 9 0 0 0 0 0 0 10 9 -10.0 %
Otonabee-South Monaghan TP 6 3 0 0 0 0 0 0 6 3 -50.0 %
Smith-Ennismore-Lakefield TP 17 6 0 0 0 3 0 0 17 9 -47.1 %
Peterborough CMA 120 87 12 2 35 28 0 0 167 117 -29.9 %
HOUSING STARTS PETERBOROUGH CMA
January-June
SINGLE SEMI-DETACHED ROW APARTMENT TOTAL Yr/Yr %CHG
2010 2011 2010 2011 2010 2011 2010 2011 2010 2011
Peterborough C 101 76 14 2 35 40 0 0 150 118 -21.3 %
Douro-Dummer TP 12 2 0 0 0 0 0 0 12 2 -83.3 %
Cavan-Millbrook-North Monaghan TP 13 9 0 0 0 0 0 0 13 9 -30.8 %
Otonabee-South Monaghan TP 6 3 0 0 0 0 0 0 6 3 -50.0 %
Smith-Ennismore-Lakefield TP 26 18 0 0 0 3 4 0 30 21 -30.0 %
Peterborough CMA 158 108 14 2 35 43 4 0 211 153 -27.5 %

Source: CMHC

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Contact Information

  • Local in English or French:
    Canada Mortgage and Housing Corporation
    Abdellah Massaoudi
    (416) 218-3461
    amassaou@cmhc.ca

    Ontario:
    Canada Mortgage and Housing Corporation
    Ted Tsiakopoulos
    (416) 218-3407
    ttsiakop@cmhc.ca

    Canada:
    Canada Mortgage and Housing Corporation
    Charles Sauriol
    Office: (613) 748-2799 or Cell: (613) 816-5978
    csauriol@cmhc.ca