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Toronto Housing Starts Increase in June 2016

TORONTO, July 11, 2016 — Housing starts in the Toronto Census Metropolitan Area (CMA) trended higher at 40,861 units in June 2016 compared to 37,377 in May 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.

“As apartment construction picked up pace in June, so too did overall housing starts in Toronto,” said Dana Senagama, CMHC’s Principal Market Analyst for the GTA. “New home starts also remain strong due to limited supply in the resale market, pushing buyers to purchase from the new 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 45,848 units in June, up from 33,185 units in May. The increase was mainly as a result of more apartment starts.

The City of Toronto recorded the highest number of starts within the Toronto CMA primarily due to higher apartment starts. This was followed by Brampton and Vaughan where more single-detached and row home starts were prevalent.

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
June 2016
Toronto CMA1 May 2016 June 2016
Trend2 37,377 40,861
SAAR 33,185 45,848
  June 2015 June 2016
Actual    
June — Single-detached 1,020 1,086
June — Multiples 1,698 2,962
June — Total 2,718 4,048
January to June — Single-detached 4,141 4,687
January to June — Multiples 15,082 14,794
January to June — Total 19,223 19,481

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
June 2015 – 2016
Toronto CMA Single Semi Row Apt Total
  2015 2016 2015 2016 2015 2016 2015 2016 2015 2016
List of Sub- markets  
Pickering 15 44 -- -- -- 30 -- -- 15 74
Ajax 36 23 -- -- 12 -- -- -- 48 23
Uxbridge 15 28 -- 10 -- 9 -- -- 15 47
Vaughan 148 71 14 14 -- 65 110 -- 272 150
Markham 40 73 4 2 164 5 -- -- 208 80
Richmond Hill 19 67 2 -- 42 12 -- -- 63 79
Whitchurch-Stouffville 9 31 2 -- 71 10 -- -- 82 41
Aurora 65 50 4 -- 38 32 -- -- 107 82
Newmarket 35 41 -- -- -- -- -- -- 35 41
King Township 29 16 -- -- -- -- -- -- 29 16
East Gwillimbury 25 5 -- -- -- -- -- -- 25 5
Georgina Township 8 42 2 -- 4 -- -- -- 14 42
Toronto City 121 158 8 2 -- 13 708 2,528 837 2,701
Mississauga 23 12 8 6 21 -- 300 3 352 21
Brampton 164 243 -- 80 -- 47 -- -- 164 370
Caledon 71 9 18 -- 14 -- -- -- 103 9
Town of Mono -- 28 -- -- -- -- -- -- -- 28
Orangeville -- -- -- -- -- 8 -- -- -- 8
Oakville 127 38 -- 20 101 64 12 -- 240 122
Milton 2 32 -- -- 5 -- -- -- 7 32
Halton Hills 54 4 -- 2 12 -- -- -- 66 6
New Tecumseth 11 31 10 -- 12 -- -- -- 33 31
Bradford West Gwillimbury 3 40 -- -- -- -- -- -- 3 40
Total Toronto CMA Starts 1,020 1,086 72 136 496 295 1,130 2,531 2,718 4,048

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 83 69 12 -- 10 30 -- -- 105 99
Ajax 134 96 -- -- 69 16 -- -- 203 112
Uxbridge 33 31 2 10 40 9 -- -- 75 50
Vaughan 557 144 18 16 70 306 1,372 44 2,017 510
Markham 206 141 32 18 259 85 460 984 957 1,228
Richmond Hill 89 179 2 12 268 61 -- -- 359 252
Whitchurch-Stouffville 55 76 2 -- 186 25 24 154 267 255
Aurora 268 263 4 58 99 182 77 -- 448 503
Newmarket 35 224 -- 2 23 22 16 231 74 479
King Township 130 110 -- -- 21 6 -- -- 151 116
East Gwillimbury 74 27 -- -- -- -- -- -- 74 27
Georgina Township 43 218 2 -- 16 12 -- -- 61 230
Toronto City 448 554 10 10 193 158 8,118 10,352 8,769 11,074
Mississauga 83 64 22 22 173 134 1,319 260 1,597 480
Brampton 957 1,222 262 132 550 422 138 50 1,907 1,826
Caledon 224 129 32 24 42 16 -- -- 298 169
Town of Mono 1 48 -- -- -- -- -- 1 1 49
Orangeville 24 11 -- -- 18 58 -- -- 42 69
Oakville 198 364 -- 42 132 295 491 30 821 731
Milton 74 99 2 -- 118 39 207 135 401 273
Halton Hills 286 33 -- 2 23 34 -- -- 309 69
New Tecumseth 57 363 46 40 39 113 48 -- 190 516
Bradford West Gwillimbury 82 222 2 62 13 80 -- -- 97 364
Total Toronto CMA Starts 4,141 4,687 450 450 2,362 2,103 12,270 12,241 19,223 19,481

Source: CMHC

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