Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

October 08, 2010 08:15 ET

Single-Detached Home Starts on the Rise

TORONTO, ONTARIO--(Marketwire - Oct. 8, 2010) - Preliminary data released today by CMHC show there were 182 single-detached starts in the Hamilton Census Metropolitan Area (CMA) in September, the majority of which were in the City of Hamilton. Single-detached home starts have been rising in recent months in the City of Hamilton. Townhouse starts in the City of Hamilton and Grimsby also contributed to the rise in starts last month in these cities. In Burlington, fewer starts of single-detached homes led to a fall in total starts.

Starts in the first three quarters of 2010 were higher than they had been in the same period a year earlier. The revival in new home starts was due to an increase of in all three municipalities of the CMA, and for all home types from single-detached to apartments (both rental and condo).

"Builders were busy last month with new home starts more than double from a year ago," said Sarah Fong, CMHC's Senior Market Analyst for Hamilton. "A higher proportion of the starts occurred in the City of Hamilton, where starts of both single-detached homes and townhouses were up substantially." added Fong.

To view the bar graph associated with this press release, please visit the following link:

http://media3.marketwire.com/docs/642349A.jpg

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 housing forecasts that will inform your business strategy in 2011, attend your local housing market outlook session this November.

Visit www.cmhc.ca/conferenceregistration for complete details.

To view the table associated with this press release, please visit the following link:

http://media3.marketwire.com/docs/642349B.jpg

Aussi disponible en français.

Contact Information

  • For additional information please contact/Pour obtenir de
    plus amples renseignements, veuillez communiquer avec :
    Hamilton CMA: Canada Mortgage and Housing Corporation
    Sarah Fong
    (416) 250-3294
    sfong@cmhc.ca
    or
    En francais:
    Societe canadienne d'hypotheques et de logement
    David Lan
    (519) 873-2426
    dlan@schl.ca
    or
    Ontario:
    Canada Mortgage and Housing Corporation
    Ted Tsiakopoulos
    (416) 218-3407
    ttsiakop@cmhc.ca
    or
    Canada:
    Canada Mortgage and Housing Corporation
    Charles Sauriol
    (613) 748-2799 or (613) 816-5978
    csauriol@cmhc.ca