Canadian Housing Starts, December 2010 Results

Categories: Real Estate News
Tags: No Tags
Comments: No Comments
Published on: April 3, 2011

Release Date: February 8, 2010

Canadian Housing Starts, December 2010 Results

Source: Canada Mortgage and Housing Corporation (CMHC)

Link to Releases:
For CMHC’s GTA release: http://www.cmhc-schl.gc.ca/odpub/press/2010/2011_01_08_0815_EOT.pdf
For CMHC’s national release: http://www.cmhc-schl.gc.ca/en/corp/nero/nere/2011/2011-02-08-0815.cfm

Summary: Canadian housing starts increased by almost one per cent in January to a seasonally adjusted annual rate of 170,400 from the downwardly revised figure of 169,000 for December. The increase was due to a 20 per cent jump in rural starts. Urban starts, for both singledetached and multiple-family starts, were down by two per cent. The GTA bucked the downward trend in urban starts, with the seasonally adjusted annual rate of starts up 37 per cent to 25,400.

Analysis: New home construction has generally been trending upward since the beginning of 2010. Condominium apartment construction has been the key driver. There are a number of projects in the GTA that have reached their pre-construction sales targets, but have yet to start construction. As builders shift resources to new projects, expect a continued uptrend in home construction through 2011.

No Comments - Leave a comment

Leave a comment

Your email address will not be published. Required fields are marked *



November 2017
M T W T F S S
« Oct    
 12345
6789101112
13141516171819
20212223242526
27282930  

Welcome , today is Saturday, November 18, 2017