TORONTO, ONTARIO--(Marketwired - May 9, 2016) - Housing starts in Hamilton Census Metropolitan Area (CMA) were trending down at 2,531 units in April compared to 2,892 units in March, according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts.

"The trend in Hamilton CMA total housing starts decreased primarily because this month there were no apartment starts after a high number of apartment starts had pulled up the trend in March," said Abdul Kargbo, CMHC's Senior Market Analyst for Hamilton and Brantford CMAs. "Strong first-time homebuyer demand supported starts of semi-detached and row house, which are more affordable dwelling types in Hamilton."

CMHC uses the trend measure as a complement to the monthly SAAR of housing starts to account for considerable swings in monthly estimates and obtain a more complete picture of the state of the housing market. In some situations, analysing only SAAR data can be misleading in some markets, as they are largely driven by the multiples segment of the markets which can be quite variable from one month to the next. The multiples segment includes apartments, rows and semi-detached homes.

The standalone monthly SAAR was 2,014 units in April, down from 3,981 units in March. This month's decrease in the SAAR measure was mostly due to a larger number of multi-unit housing starts in the previous month and a lower number in April.

Preliminary Housing Starts data is also available in English and French at the following link: Preliminary Housing Starts Tables

As Canada's authority on housing, CMHC contributes to the stability of the housing market and financial system, provides support for Canadians in housing need, and offers objective housing research and information to Canadian governments, consumers and the housing industry.

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Additional data is available upon request.

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Tables and a graph are available at the following address:

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Media Contact:
Angelina Ritacco