DEC 08, 2010 – The seasonally-adjusted annual rate (SAAR) of total housing starts for the Toronto Census Metropolitan Area increased to 51,100 units in November according to preliminary housing starts data released today by the Canada Mortgage and Housing Corporation (CMHC)

1. FOR IMMEDIATE RELEASE
TORONTO HOUSING STARTS JUMP IN NOVEMBER
TORONTO,
DEC 08, 2010 – The November Housing Starts
seasonally-adjusted Total Starts (SAAR)
80.0
annual rate (SAAR)
Toronto CMA Housing Starts SAAR
Trend
70.0
of total housing
60.0
starts for the Toronto
50.0
Census Metropolitan
40.0
(,000s)
Area increased to
30.0
51,100 units in
20.0
November according
10.0
to preliminary
0.0
housing starts data
released today by
the Canada Source: Canada Mortgage and Housing Corporation
Mortgage and
Housing Corporation (CMHC).
“Last month more than made up for the weak showing in October and now pulls us
ahead of total starts recorded for 2009,” said Shaun Hildebrand, CMHC’s Senior Market
Analyst for the GTA. “All recent data points considered, the level of new housing
construction in Toronto has flattened out at about 30,000 units a year, with clear
momentum on the high-rise side. This trend is expected to remain in place next year”
added Hildebrand.
TORONTO CMA
SUMMARY OF NOVEMBER 2010 PRELIMINARY STARTS DATA
Annual SAAR Raw Data (Nov. '10/Nov. '09) Raw Data (YTD '10/YTD '09)
2009 Oct. 2010 Nov. 2010 % Chg. Nov. '09 Nov. '10 % Chg. YTD '09 YTD '10 % Chg.
Total 25,949 19,900 51,100 156.8% 2,367 4,364 84.4% 24,230 27,622 14.0%
Single-Detached 8,130 7,000 11,400 62.9% 1044 1,051 0.7% 7,076 9,177 29.7%
Multiple-Family 17,819 12,900 39,700 207.8% 1,323 3,313 150.4% 17,154 18,445 7.5%
Semi-Detached 2,032 - - - 236 268 13.6% 1,892 1,534 -18.9%
Row Houses 2,918 - - - 400 486 21.5% 2,591 4,145 60.0%
Apartments 12,869 - - - 687 2,559 272.5% 12,671 12,766 0.7%
Source: Canada Mortgage and Housing Corporation
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2. -2-
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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Aussi disponible en français
For further information, please contact/ Pour obtenir de plus amples
renseignements, veuillez communiquer avec:
Toronto CMA: Shaun Hildebrand, at (416) 218-3466 or shildebr@cmhc-schl.gc.ca
En français: Ed Heese, (416) 218- 3369 ou eheese@schl.gc.ca
Ontario: Ted Tsiakopoulos, at (416) 218-3407 or ttsiakop@cmhc-schl.gc.ca
Canada: Charles Sauriol, at (613) 748-2799 or csauriol@cmhc-schl.gc.ca