Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

January 11, 2011 08:15 ET

Snow Storm Slows December Starts

LONDON, ONTARIO--(Marketwire - Jan. 11, 2011) - New home starts were lower in the London Census Metropolitan Area(1) (CMA) in December 2010 according to preliminary figures released today by Canada Mortgage and Housing Corporation (CMHC). However, in the year ending in December 2010, single-detached home starts were up nearly forty per cent compared to 2009.

"The snow storm in December caused builders to postpone some starts," said David Lan, CMHC's London Market Analyst. "However, the increase in annual single-detached home starts was a positive note, given the low level recorded last year. The gain in single-detached home starts also offset some of the decline in apartment starts," added Lan.

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.

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(1) 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.

December Housing Starts  
            % Change  
  Single Semi Row Apt Total Singles   Total  
London City                  
  Dec-10 50 2 18 0 70 -41 % -52 %
  Dec-09 85 0 26 34 145        
St. Thomas City                  
  Dec-10 11 0 0 0 11 38 % 38 %
  Dec-09 8 0 0 0 8        
Rest of CMA                  
  Dec-10 12 0 0 0 12 -54 % -54 %
  Dec-08 26 0 0 0 26        
London CMA                  
  Dec-10 73 2 18 0 93 -39 % -48 %
  Dec-09 119 0 26 34 179        
       
January - December Housing Starts  
            % Change  
  Single Semi Row Apt Total Singles   Total  
London City                  
Jan-Dec 10 1,097 8 163 433 1,701 45 % -7 %
Jan-Dec 09 758 4 145 913 1,820        
St. Thomas City                  
Jan-Dec 10 134 10 0 2 146 41 % 21 %
Jan-Dec 09 95 8 0 18 121        
Rest of CMA                  
Jan-Dec 10 230 2 0 0 232 13 % 2 %
Jan-Dec 09 203 0 24 0 227        
London CMA                  
Jan-Dec 10 1,461 20 163 435 2,079 38 % -4 %
Jan-Dec 09 1,056 12 169 931 2,168        
 
Rest of CMA: Central Elgin, Thames Centre, and the Townships of Middlesex Centre, Southwold, Strathroy-Caradoc and Adelaide-Metcalfe
 
Source: CMHC Market Analysis

Contact Information

  • For additional information please contact / Pour obtenir de
    plus amples renseignements, veuillez communiquer avec:
    London: Canada Mortgage and Housing Corporation
    David Lan
    (519) 873-2426
    dlan@cmhc.ca
    or
    En francais: Canada Mortgage and Housing Corporation
    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
    Kristin Scheel
    (613) 748-2799 or mobile: (613) 316-2949
    kscheel@cmhc.ca