Toronto Housing Starts Begin 2012 Strong - SCHL

FOR IMMEDIATE RELEASE
TORONTO HOUSING STARTS BEGIN 2012 STRONG
TORONTO, February 8, 2012 – The seasonally-adjusted annual rate (SAAR) of total
housing starts for the Toronto Census Metropolitan Area increased to 46,700 units in
January, according to preliminary housing starts data released today by the Canada
Mortgage and Housing Corporation (CMHC). Housing construction in Toronto has
carried forward its strength from 2011 into the New Year.
“While new home starts remain boosted by activity in the condo market, the slowing in
single-detached construction is in line with more moderate levels of ownership demand
expected this year,” said Shaun Hildebrand, CMHC’s Senior Market Analyst for the GTA.
As Canada's national housing agency, CMHC draws on more than 65 years of
experience to help Canadians access a variety of high quality, environmentally
sustainable and affordable housing solutions. 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. CMHC Market Analysis
standard reports are also available free for download at CMHC Housing Market
Information.
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For further information, please contact:
Shaun Hildebrand, Senior Market Analyst
(416) 218-3466
shildebr@cmhc-schl.gc.ca
En français:
Ed Heese, Senior Market Analyst
(416) 218-3369
eheese@schl.gc.ca
(Ce document existe également en français)

SAAR (,000s)
70.0
60.0
50.0
40.0
30.0
20.0
10.0
0.0
Toronto CMA Housing Starts
Total Starts (SAAR)
Trend
Source: Canada Mortgage and Housing Corporation
TORONTO CMA
SUMMARY OF JANUARY 2012 PRELIMINARY STARTS DATA
SAAR
Raw Data
Raw Data
Dec 2011 Jan 2012 % Chg. Jan '11 Jan '12 % Chg. 2010 2011 % Chg.
Total 39,300 46,700 18.8% 2,027 3,811 88.0% 29,195 39,745 36.1%
Single-Detached 11,800 9,600 -18.6% 788 718 -8.9% 9,936 11,247 13.2%
Multiple-Family 27,500 37,100 34.9% 1,239 3,093 149.6% 19,259 28,498 48.0%
Semi-Detached - - - 154 94 -39.0% 1,654 2,010 21.5%
Row Houses - - - 102 584 472.5% 4,365 4,231 -3.1%
Apartments - - - 983 2,415 145.7% 13,240 22,257 68.1%
Source: Canada Mortgage and Housing Corporation