TORONTO, October 11, 2016 — Housing starts in the Toronto Census Metropolitan Area (CMA) trended lower at 37,947 units in September 2016 compared to 42,125 in August 2016 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.

“September saw fewer apartment starts in Toronto than earlier in the year, slowing the overall housing starts trend in the GTA,” said Dana Senagama, CMHC Principal Market Analyst for the GTA. “However, limited supply of resale low-rise homes is shifting demand to the pre-construction market, leading to stable starts for this type of dwelling.”

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 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 standalone monthly SAAR was 30,232 units in September, down from 40,406 units in August. The decrease was mainly a result of fewer apartment starts.

The City of Toronto recorded the highest number of starts within the Toronto CMA primarily due to apartment starts. This was followed by the City of Brampton, which had a large number of single-detached starts. Next was the Town of East Gwillimbury that saw construction start on a number of new low-rise housing units.

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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Information on This Release:

Media Contact
Angelina Ritacco
416-218-3320
Cell.: 647-210-7420
aritacco@cmhc-schl.gc.ca

Additional data is available upon request

Preliminary Housing Start Data
September 2016
Toronto CMA1 August 2016 September 2016
Trend2 42,125 37,947
SAAR 40,406 30,232
  September 2015 September 2016
Actual    
September — Single-detached 1,022 1,001
September — Multiples 3,866 1,568
September — Total 4,888 2,569
January to September — Single-detached 7,162 8,011
January to September — Multiples 24,561 21,084
January to September — Total 31,723 29,095

Source: CMHC
1 Census Metropolitan Area
2 The trend is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR). By removing seasonal ups and downs, seasonal adjustment allows for comparison of adjacent months and quarters. The monthly and quarterly SAAR and trend figures indicate the annual level of starts that would be obtained if the same pace of monthly or quarterly construction activity was maintained for 12 months. This facilitates comparison of the current pace of activity to annual forecasts as well as to historical annual levels.
Detailed data available upon request

Preliminary Actual Housing Start Data by Type
September 2015-2016
Toronto CMA Single Semi Row Apt Total
  2015 2016 2015 2016 2015 2016 2015 2016 2015 2016
List of Sub- markets  
Pickering 22 8 2 -- 14 34 -- -- 38 42
Ajax 5 18 -- -- 25 -- -- -- 30 18
Uxbridge 3 1 -- 2 21 7 -- -- 24 10
Vaughan 50 104 -- -- -- 58 -- -- 50 162
Markham 21 17 4 6 47 59 -- -- 72 82
Richmond Hill 12 45 2 8 41 -- 99 -- 154 53
Whitchurch-Stouffville 1 47 -- -- -- 21 -- -- 1 68
Aurora 32 63 -- 2 18 36 -- -- 50 101
Newmarket 29 14 -- -- -- -- -- -- 29 14
King Township 59 21 -- -- -- -- -- -- 59 21
East Gwillimbury 2 118 -- 50 -- 46 -- -- 2 214
Georgina Township 26 20 -- -- -- -- -- -- 26 20
Toronto City 154 135 -- 12 10 188 2,884 917 3,048 1,252
Mississauga 18 16 2 4 34 -- 80 -- 134 20
Brampton 273 230 4 20 96 53 -- -- 373 303
Caledon 107 12 18 -- 15 30 -- -- 140 42
Town of Mono 10 8 -- -- -- -- -- -- 10 8
Orangeville -- -- -- -- -- 15 -- -- -- 15
Oakville 17 26 -- -- 56 -- 380 -- 453 26
Milton 72 39 -- -- 12 -- -- -- 84 39
Halton Hills 2 3 -- -- -- -- -- -- 2 3
New Tecumseth 40 37 2 -- -- -- -- -- 42 37
Bradford West Gwillimbury 67 19 -- -- -- -- -- -- 67 19
Total Toronto CMA Starts 1,022 1,001 34 104 389 547 3,443 917 4,888 2,569

Source: CMHC

Preliminary Actual Housing Start Data by Type
Year to Date / 2015-2016
Toronto CMA Single Semi Row Apt Total
  2015 2016 2015 2016 2015 2016 2015 2016 2015 2016
List of Sub- markets  
Pickering 114 122 14 4 24 74 169 -- 321 200
Ajax 201 170 -- 10 94 51 -- -- 295 231
Uxbridge 56 36 8 12 61 16 -- -- 125 64
Vaughan 865 572 34 18 156 396 1,751 102 2,806 1,088
Markham 286 278 56 32 387 230 460 1,501 1,189 2,041
Richmond Hill 145 295 4 22 402 87 1,224 -- 1,775 404
Whitchurch-Stouffville 58 133 2 -- 267 46 54 154 381 333
Aurora 426 483 4 82 192 261 207 -- 829 826
Newmarket 120 274 26 2 23 41 16 231 185 548
King Township 248 219 -- -- 21 10 -- -- 269 229
East Gwillimbury 112 246 -- 50 -- 58 -- -- 112 354
Georgina Township 161 272 2 -- 24 28 -- -- 187 300
Toronto City 912 1,009 22 46 407 573 12,855 14,224 14,196 15,852
Mississauga 158 107 66 34 230 134 1,868 260 2,322 535
Brampton 1,609 1,894 392 198 722 687 150 50 2,873 2,829
Caledon 419 177 64 26 81 46 -- -- 564 249
Town of Mono 65 74 -- -- -- -- -- 1 65 75
Orangeville 28 11 -- -- 18 79 -- -- 46 90
Oakville 257 478 2 46 236 406 907 214 1,402 1,144
Milton 153 165 2 -- 130 39 464 135 749 339
Halton Hills 297 60 -- 2 86 71 -- -- 383 133
New Tecumseth 182 522 70 40 44 113 48 -- 344 675
Bradford West Gwillimbury 290 414 2 62 13 80 -- -- 305 556
Total Toronto CMA Starts 7,162 8,011 770 686 3,618 3,526 20,173 16,872 31,723 29,095
Source: CMHC 

Date Published: October 11, 2016