TORONTO, ONTARIO--(Marketwire - March 8, 2011) - Preliminary data released today by CMHC show that there was a decline in home starts in February in the Hamilton Census Metropolitan Area (CMA), as compared to the same month last year. Total home starts declined by nearly three-quarters to just over 100 starts for the month. The vast majority of the starts were of single-detached homes. They declined by only one-third as compared to a year ago. Single, semi-detached and apartment construction were all down in February, and there was no townhouse construction.
Starts were unusually low during the first two months of this year, particularly in Hamilton and Burlington, after having been unusually high in the first two months of 2010. In Hamilton, there were just over 100 single-detached homes, and 15 townhouses and apartments as compared to over 500 homes of all types during the same period in 2010. In Burlington, a total of 27 single and semi- detached homes were started during January and February, as compared to 10 times that number last year.
"Buyer demand for new housing has declined in recent months following the recovery period in 2010," said Sarah Fong, CMHC's Senior Market Analyst for Hamilton and Brantford. "Also, land scarcity has been an issue in some areas of the CMA," added Fong.
To view the graph associated with this release, please visit the following link: http://media3.marketwire.com/docs/cmhc0308hame.jpg.
As Canada's national housing agency, CMHC draws on 65 years of experience to help Canadians access a variety of high 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 informed decisions.
Housing Starts February 2011 |
Hamilton CMA |
February | January - February | ||||||||||||||
Single | Semi | TH | Apt | Total | % Chg | Single | Semi | TH | Apt | Total | % Chg | ||||
Hamilton CMA | |||||||||||||||
Feb-11 | 86 | 4 | 0 | 12 | 102 | -72.6 | % | 150 | 4 | 3 | 12 | 169 | -79.6 | % | |
Feb-10 | 124 | 34 | 82 | 132 | 372 | 217 | 48 | 188 | 377 | 830 | |||||
Burlington | |||||||||||||||
Feb-11 | 9 | 4 | 0 | 0 | 13 | -68.3 | % | 23 | 4 | 0 | 0 | 27 | -90.0 | % | |
Feb-10 | 6 | 28 | 7 | 0 | 41 | 14 | 42 | 32 | 182 | 270 | |||||
Hamilton | |||||||||||||||
Feb-11 | 66 | 0 | 0 | 12 | 78 | -74.7 | % | 109 | 0 | 3 | 12 | 124 | -76.5 | % | |
Feb-10 | 95 | 6 | 75 | 132 | 308 | 170 | 6 | 156 | 195 | 527 | |||||
Grimsby | |||||||||||||||
Feb-11 | 11 | 0 | 0 | 0 | 11 | -52.2 | % | 18 | 0 | 0 | 0 | 18 | -45.5 | % | |
Feb-10 | 23 | 0 | 0 | 0 | 23 | 33 | 0 | 0 | 0 | 33 | |||||
Halton Hills | |||||||||||||||
Feb-11 | 4 | 0 | 0 | 0 | 4 | -63.6 | % | 9 | 2 | 0 | 0 | 11 | -80.4 | % | |
Feb-10 | 11 | 0 | 0 | 0 | 11 | 26 | 0 | 30 | 0 | 56 | |||||
Milton | |||||||||||||||
Feb-11 | 74 | 0 | 44 | 56 | 174 | 114.8 | % | 181 | 0 | 57 | 56 | 294 | -4.2 | % | |
Feb-10 | 59 | 0 | 22 | 0 | 81 | 265 | 20 | 22 | 0 | 307 | |||||
Oakville | |||||||||||||||
Feb-11 | 8 | 0 | 4 | 0 | 12 | -47.8 | % | 11 | 0 | 4 | 0 | 15 | -78.9 | % | |
Feb-10 | 5 | 0 | 18 | 0 | 23 | 11 | 0 | 60 | 0 | 71 |
Source: CMHC |
*Hamilton Census Metropolitan Area (CMA) includes the City of Hamilton, Burlington, and Grimsby. Statistics Canada defines a CMA as one or more adjacent municipalities integrated with an urban core. A CMA must have a total population of at least 100,000. |
Aussi disponible en français.
Contact Information: Hamilton CMA: Canada Mortgage and Housing Corporation
Sarah Fong
(416) 250-3294
sfong@cmhc.ca
or
En francais: Canada Mortgage and Housing Corporation
Ed Heese
(416) 218-3369
eheese@schl.ca
or
Ontario: Canada Mortgage and Housing Corporation
Ted Tsiakopoulos
(416) 218-3407
ttsiakop@cmhc.ca
or
Canada: Canada Mortgage and Housing Corporation
Charles Sauriol
(613) 748-2799 or (613) 816-5978
csauriol@cmhc.ca