Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

October 11, 2011 08:15 ET

September Housing Starts Down in St. Catharines-Niagara

TORONTO, ONTARIO--(Marketwire - Oct. 11, 2011) - Preliminary data for September 2011 released today by Canada Mortgage and Housing Corporation (CMHC) for the St. Catharines-Niagara Census Metropolitan Area(i) (CMA) show total housing starts declined last month compared to September 2010. Total starts were 55 units for the month, down from 113 units started at the same time last year. This is the lowest monthly total since February.

Starts of all housing types declined except for semi-detached homes which remained unchanged. Single-detached starts were down by 12 per cent and townhomes declined by 64 per cent compared to September 2010. There were no apartment starts this month.

"The third quarter is the highest quarter for starts so far in 2011, despite a slow month of September," said Anthony Adrien, Market Analyst with CMHC. "Even with declines in single-detached and townhomes starts in September, new residential construction in the CMA and Niagara Region grew by one per cent year to date compared to last year. However, land for residential development is limited in St.Catharines City and Lincoln which constrains growth in these two municipalities," added Adrien.

To view the figures associated with this release, please visit the following links:

http://media3.marketwire.com/docs/map_stcatherines.pdf

http://media3.marketwire.com/docs/graph_stcatherines.pdf

http://media3.marketwire.com/docs/tables_stcatherines.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, please visit www.cmhc.ca or call 1-800-668-2642.

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(i) Statistics Canada defines a census metropolitan area (CMA) as one or more adjacent municipalities integrated with an urban core. A CMA must have a total population of at least 100,000 of which 50,000 or more must live in the urban core.

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