November Housing Starts - OTTAWA, December 8, 2010
The seasonally adjusted annual rate of housing starts was 187,200 units in November according to Canada Mortgage and Housing Corporation (CMHC). This is up from 167,800 units in October.“Housing starts moved higher in November primarily due to a strong increase in urban multiple starts in Ontario,” said Bob Dugan, Chief Economist at CMHC’s Market Analysis Centre.
"This exceptional increase in the level of multiple starts recorded in Ontario in November relative to October is attributable to the start of a number of major apartment projects located mainly in the Toronto area. Looking ahead into 2011, housing starts will gradually become more closely aligned to demographic demand, which is currently estimated at about 175,000 units per year. "The seasonally adjusted annual rate of urban starts increased by 14.6 per cent to 163,100 units in November. Urban multiple starts went up by 20.9 per cent in November to 101,800 units, while single urban starts moved up by 5.5 per cent to 61,300 units. Multiple unit starts went up 29,900 units from October to November in Ontario, while it remained relatively stable in the Prairie Region and decreased in other regions. "November’s seasonally adjusted annual rate of urban starts increased by 82.8 per cent in Ontario. Elsewhere, urban starts decreased by 24 per cent in Atlantic Canada, by 21.3 per cent in British Columbia, by 15.2 per cent in Quebec and by 1.5 per cent in the Prairies."
October Housing Starts - OTTAWA, November 8, 2010
"The seasonally adjusted annual rate of housing starts was 167,900 units in October, according to Canada Mortgage and Housing Corporation (CMHC). This is down from 185,000 units in September.'Housing starts moved lower in October due to a decrease in urban single starts in all regions, with the exception of Atlantic Canada,' said Bob Dugan, Chief Economist at CMHC’s Market Analysis Centre. 'Both single-detached and multiple starts decreased last month.' "The moderation in housing starts in October, from relatively high levels earlier in the year is consistent with CMHC’s forecast for 2010 of 184,900 units. Looking ahead into 2011, housing starts will gradually become more closely aligned with demographic demand, which is currently estimated at about 175,000 units per year."
September Housing Starts - CMHC, OTTAWA, October 8, 2010
"The seasonally adjusted annual rate1 of housing starts was 186,400 units in September, according to Canada Mortgage and Housing Corporation (CMHC). This is down from 189,300 units in August. “Housing starts moved lower in September due to a decrease in urban single starts in Atlantic Canada and Ontario,” said Bob Dugan, Chief Economist at CMHC’s Market Analysis Centre. “Multiple starts were unchanged.”"
Click links for CMHC's Oct housing report, Nov Housing Report, Dec Housing Report |