Toronto Housing Starts Hold Steady in April 2016

TORONTO, May 9, 2016 — Housing starts in the Toronto Census Metropolitan Area (CMA) trended at 41,652 units in April 2016 compared to 41,896 in March 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.

“April saw Toronto housing starts remain largely on trend,” said Dana Senagama, CMHC Principal Market Analyst for the GTA. “Home starts were buoyed by new apartments, some of which were purpose-built for rental. Low-rise home starts were also high, as record low inventories in the resale market continued to drive buyers to the new home market”.

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 37,140 units in April, up from 55,738 units in March. The decrease was the result of fewer apartment and single-detached starts.

The City of Toronto recorded the highest number of starts within the Toronto CMA due to more apartment starts in April. Brampton and Markham had the next highest number of starts as a result of a strong number of low-rise starts.

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.ca

Additional data is available upon request.

Preliminary Housing Start Data
April 2016
Toronto CMA1 March 2016 April 2016
Trend2 41,896 41,652
SAAR 55,738 37,140
  April 2015 April 2016
Actual    
April — Single-detached 893 742
April — Multiples 2,387 2,358
April — Total 3,280 3,100
January to April — Single-detached 2,061 2,667
January to April — Multiples 9,455 9,845
January to April — Total 11,516 12,512

Source: CMHC
1 Census Metropolitan Area
2 The trend is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR).
Detailed data available upon request

Preliminary Actual Housing Start Data by Type
April 2015 – 2016
Toronto CMA Single Semi Row Apt Total
  2015 2016 2015 2016 2015 2016 2015 2016 2015 2016
List of Sub- markets  
Pickering 20 6 -- -- -- -- -- -- 20 6
Ajax 58 6 -- -- 6 4 -- -- 64 10
Uxbridge 1 -- 2 -- 13 -- -- -- 16 --
Vaughan 148 8 -- 2 -- 149 -- 44 148 203
Markham 68 44 10 16 51 46 460 -- 589 106
Richmond Hill 3 3 -- -- 24 14 -- -- 27 17
Whitchurch-Stouffville 27 -- -- -- 54 -- -- -- 81 --
Aurora 60 53 -- 36 -- 46 77 -- 137 135
Newmarket -- 28 -- -- -- -- 16 -- 16 28
King Township 30 12 -- -- -- 6 -- -- 30 18
East Gwillimbury -- 4 -- -- -- -- -- -- -- 4
Georgina Township 9 37 -- -- -- -- -- -- 9 37
Toronto City 84 79 2 -- 85 80 1,072 1,733 1,243 1,892
Mississauga 17 11 -- 4 58 6 -- -- 75 21
Brampton 218 314 136 12 92 -- -- -- 446 326
Caledon 2 13 -- 4 -- -- -- -- 2 17
Town of Mono -- -- -- -- -- -- -- -- -- --
Orangeville 3 2 -- -- 13 50 -- -- 16 52
Oakville 17 11 -- -- -- 12 37 -- 54 23
Milton 8 2 -- -- 39 10 132 -- 179 12
Halton Hills 98 6 -- -- -- 14 -- -- 98 20
New Tecumseth 12 88 8 2 -- 29 -- -- 20 119
Bradford West Gwillimbury 10 15 -- 6 -- 33 -- -- 10 54
Total Toronto CMA Starts 893 742 158 82 435 499 1,794 1,777 3,280 3,100

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 56 22 12 -- -- -- -- -- 68 22
Ajax 67 45 -- -- 29 16 -- -- 96 61
Uxbridge 12 3 2 -- 13 -- -- -- 27 3
Vaughan 237 56 -- 2 60 209 811 44 1,108 311
Markham 84 66 12 16 57 67 460 984 613 1,133
Richmond Hill 20 24 -- 8 90 26 -- -- 110 58
Whitchurch-Stouffville 41 2 -- -- 54 9 -- 154 95 165
Aurora 128 158 -- 36 27 64 77 -- 232 258
Newmarket -- 159 -- -- 23 6 16 6 39 171
King Township 79 39 -- -- 21 6 -- -- 100 45
East Gwillimbury 47 22 -- -- -- -- -- -- 47 22
Georgina Township 28 150 -- -- 12 12 -- -- 40 162
Toronto City 203 241 2 2 143 145 6,389 6,660 6,737 7,048
Mississauga 46 37 14 6 58 20 -- 194 118 257
Brampton 537 820 254 32 195 277 138 50 1,124 1,179
Caledon 62 74 6 10 28 16 -- -- 96 100
Town of Mono -- -- -- -- -- -- -- 1 -- 1
Orangeville 20 11 -- -- 18 50 -- -- 38 61
Oakville 64 273 -- -- 11 196 52 30 127 499
Milton 71 63 2 -- 107 39 132 135 312 237
Halton Hills 185 13 -- -- 11 27 -- -- 196 40
New Tecumseth 45 273 36 38 27 110 48 -- 156 421
Bradford West Gwillimbury 29 116 2 62 6 80 -- -- 37 258
Total Toronto CMA Starts 2,061 2,667 342 212 990 1,375 8,123 8,258 11,516 12,512

Source: CMHC

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