CMHC Toronto Housing Starts for November

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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)

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CMHC Toronto Housing Starts for November

  1. 1. FOR IMMEDIATE RELEASETORONTO HOUSING STARTS JUMP IN NOVEMBERTORONTO,DEC 08, 2010 – The November Housing Startsseasonally-adjusted Total Starts (SAAR) 80.0annual rate (SAAR) Toronto CMA Housing Starts SAAR Trend 70.0of total housing 60.0starts for the Toronto 50.0Census Metropolitan 40.0 (,000s)Area increased to 30.051,100 units in 20.0November according 10.0to preliminary 0.0housing starts datareleased today bythe Canada Source: Canada Mortgage and Housing CorporationMortgage andHousing Corporation (CMHC).“Last month more than made up for the weak showing in October and now pulls usahead of total starts recorded for 2009,” said Shaun Hildebrand, CMHC’s Senior MarketAnalyst for the GTA. “All recent data points considered, the level of new housingconstruction in Toronto has flattened out at about 30,000 units a year, with clearmomentum on the high-rise side. This trend is expected to remain in place next year”added Hildebrand.TORONTO CMASUMMARY 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 …/2
  2. 2. -2-As Canada’s national housing agency, CMHC draws on more than 60 years ofexperience to help Canadians access a variety of quality, environmentally sustainableand affordable homes. CMHC also provides reliable, impartial and up-to-date housingmarket reports, analysis and knowledge to support and assist consumers and thehousing industry in making vital decisions. - 30 -Aussi disponible en françaisFor further information, please contact/ Pour obtenir de plus amplesrenseignements, veuillez communiquer avec:Toronto CMA: Shaun Hildebrand, at (416) 218-3466 or shildebr@cmhc-schl.gc.caEn français: Ed Heese, (416) 218- 3369 ou eheese@schl.gc.caOntario: Ted Tsiakopoulos, at (416) 218-3407 or ttsiakop@cmhc-schl.gc.caCanada: Charles Sauriol, at (613) 748-2799 or csauriol@cmhc-schl.gc.ca

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