Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

October 08, 2010 08:15 ET

Peterborough Housing Switching Downward

TORONTO, ONTARIO--(Marketwire - Oct. 8, 2010) - Canada Mortgage and housing Corporation (CMHC) released preliminary third quarter new home starts data for the Peterborough Census Metropolitan Area (CMA) today. New home starts decreased by four per cent from a year earlier. After a strong first half of the year, new construction activity slowed due to a decline in single-detached home starts, mainly in Peterborough City. Row house starts increased significantly, partially offsetting that decline. Year-to-date starts are still strong, with a 33 per cent increase compared to the same period of last year.

To view the chart associated with this release, please visit the following link: http://media3.marketwire.com/docs/Peter1.jpg.

"Although homebuyers in Peterborough generally prefer single-detached homes, row houses represented about 20 per cent of new construction over the past five years," said Abdellah Massaoudi, CMHC Market Analyst for the Peterborough CMA. "This type of construction can provide the same space as a single-detached home at a much lower price," 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
  THIRD QUARTER
  SINGLE SEMI-DETACHED ROW APARTMENT TOTAL  
  2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 Yr/Yr %CHG
Peterborough C 76 48 0 0 12 31 0 0 88 79 -10.2%
Douro-Dummer TP 5 15 0 0 0 0 0 0 5 15 200.0%
Cavan-Millbrook-North Monaghan TP 3 2 0 0 0 0 0 0 3 2 -33.3%
Otonabee-South Monaghan TP 8 3 0 0 0 0 0 0 8 3 -62.5%
Smith-Ennismore-Lakefield TP 11 11 0 0 0 0 0 0 11 11 0.0%
Peterborough CMA 103 79 0 0 12 31 0 0 115 110 -4.3%
                       
HOUSING STARTS PETERBOROUGH CMA
  January-September
  SINGLE SEMI-DETACHED ROW APARTMENT TOTAL  
  2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 Yr/Yr %CHG
Peterborough C 133 149 0 14 30 66 30 0 193 229 18.7%
Douro-Dummer TP 12 27 0 0 0 0 0 0 12 27 125.0%
Cavan-Millbrook-North Monaghan TP 7 15 0 0 0 0 0 0 7 15 114.3%
Otonabee-South Monaghan TP 9 9 0 0 0 0 0 0 9 9 0.0%
Smith-Ennismore-Lakefield TP 21 37 0 0 0 0 0 4 21 41 95.2%
Peterborough CMA 182 237 0 14 30 66 30 4 242 321 32.6%
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:
    Abdellah Massaoudi
    (416) 218-3461
    amassaou@cmhc.ca
    or
    Ontario:
    Ted Tsiakopoulos
    (416) 218-3407
    ttsiakop@cmhc.ca
    or
    Canada:
    Charles Sauriol
    Office: (613) 748-2799, Cell: (613) 816-5978
    csauriol@cmhc.ca