TORONTO, ONTARIO--(Marketwire - Oct. 11, 2011) - Canada Mortgage and housing Corporation (CMHC) released preliminary third quarter new home starts data for the Peterborough Census Metropolitan Area (CMA) today. Housing starts fell by six per cent from a year earlier. New construction activity continued to decline, but with low pace in the previous quarter. The starts decrease occurred primarily in Peterborough City and mainly for row houses. Year-to-date housing starts are still down 20 per cent from the same period last year.
To view the graph associated with this press release, please visit the following link: http://media3.marketwire.com/docs/cmhc1011ptbotabe.jpg.
"Housing starts in the third quarter came very close to the number they reached in the same period last year, indicating there's been some recovery from the slowdown in new construction in the first half of the year," said Abdellah Massaoudi, CMHC Market Analyst for the Peterborough CMA. "Even though there was a slight decrease in row house starts, this type of housing continued to be an affordable alternative to single-detached homes," added Massaoudi.
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.
For more information, visit www.cmhc.ca or call 1 800 668-2642.
HOUSING STARTS PETERBOROUGH CMA | ||||||||||||
THIRD QUARTER | ||||||||||||
SINGLE | SEMI-DETACHED | ROW | APARTMENT | TOTAL | ||||||||
2010 | 2011 | 2010 | 2011 | 2010 | 2011 | 2010 | 2011 | 2010 | 2011 | Yr/Yr %CHG | ||
Peterborough C | 48 | 49 | 0 | 0 | 31 | 21 | 0 | 0 | 79 | 70 | -11.4 | % |
Douro-Dummer TP | 15 | 6 | 0 | 0 | 0 | 0 | 0 | 0 | 15 | 6 | -60.0 | % |
Cavan-Millbrook-North Monaghan TP | 2 | 4 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 4 | 100.0 | % |
Otonabee-South Monaghan TP | 3 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 2 | -33.3 | % |
Smith-Ennismore-Lakefield TP | 11 | 17 | 0 | 0 | 0 | 4 | 0 | 0 | 11 | 21 | 90.9 | % |
Peterborough CMA | 79 | 78 | 0 | 0 | 31 | 25 | 0 | 0 | 110 | 103 | -6.4 | % |
HOUSING STARTS PETERBOROUGH CMA | ||||||||||||
January-September | ||||||||||||
SINGLE | SEMI-DETACHED | ROW | APARTMENT | TOTAL | ||||||||
2010 | 2011 | 2010 | 2011 | 2010 | 2011 | 2010 | 2011 | 2010 | 2011 | Yr/Yr %CHG | ||
Peterborough C | 149 | 125 | 14 | 2 | 66 | 61 | 0 | 0 | 229 | 188 | -17.9 | % |
Douro-Dummer TP | 27 | 8 | 0 | 0 | 0 | 0 | 0 | 0 | 27 | 8 | -70.4 | % |
Cavan-Millbrook-North Monaghan TP | 15 | 13 | 0 | 0 | 0 | 0 | 0 | 0 | 15 | 13 | -13.3 | % |
Otonabee-South Monaghan TP | 9 | 5 | 0 | 0 | 0 | 0 | 0 | 0 | 9 | 5 | -44.4 | % |
Smith-Ennismore-Lakefield TP | 37 | 35 | 0 | 0 | 0 | 7 | 4 | 0 | 41 | 42 | 2.4 | % |
Peterborough CMA | 237 | 186 | 14 | 2 | 66 | 68 | 4 | 0 | 321 | 256 | -20.2 | % |
Source: CMHC |
Aussi disponible en français
Contact Information:
Abdellah Massaoudi
(416) 218-3461
amassaou@cmhc.ca
Ontario:
Ted Tsiakopoulos
(416) 218-3407
ttsiakop@cmhc.ca
Canada:
Charles Sauriol
Office: (613) 748-2799 or Cell: (613) 816-5978
csauriol@cmhc.ca