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Toronto Housing Starts Increase in July 2016

TORONTO, August 9, 2016 — Housing starts in the Toronto Census Metropolitan Area (CMA) trended higher at 43,261 units in July 2016 compared to 40,930 in June 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.

“Fuelled by condo apartment construction, July saw the housing starts trend increase in Toronto,” said Dana Senagama, CMHC Principal Market Analyst for the GTA. “Single-detached home starts continued to trend strongly in July as a result of stronger sales in the new home market since the end of last year. Limited resale listings led buyers to purchase pre-construction units that are now underway.”

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 39,619 units in July, down from 46,034 units in June. The decrease was mainly a result of fewer apartment starts. Offsetting this month’s decline was a significant jump in row starts, and to a lesser extent growth in single-detached starts.

The City of Toronto recorded the highest number of starts within the Toronto CMA primarily due to higher condominium apartment starts. This was followed by the City of Markham, which also had higher apartment starts. Next was the City of Brampton 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.

hs-toronto-july-en
Preliminary Housing Start Data
July 2016
Toronto CMA1 June 2016 July 2016
Trend2 40,930 43,261
SAAR 46,034 36,619
  July 2015 July 2016
Actual    
July — Single-detached 915 1,140
July — Multiples 1,168 2,359
July — Total 2,083 3,499
January to July — Single-detached 5,056 5,827
January to July — Multiples 16,250 17,153
January to July — Total 21,306 22,980

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
July 2015 – 2016
Toronto CMA Single Semi Row Apt Total
List of Sub- markets 2015 2016 2015 2016 2015 2016 2015 2016 2015 2016
Pickering 5 14 -- -- -- 10 -- -- 5 24
Ajax 30 32 -- 10 -- 35 -- -- 30 77
Uxbridge 16 1 6 -- -- -- -- -- 22 1
Vaughan 138 138 12 -- -- 62 -- -- 212 138
Markham 28 94 18 8 30 60 -- 251 76 413
Richmond Hill 28 12 -- -- 4 -- -- -- 32 12
Whitchurch-Stouffville -- 7 -- -- 50 -- -- -- 50 7
Aurora 61 93 -- 4 4 17 -- -- 65 114
Newmarket 31 26 4 -- -- -- -- -- 35 26
King Township 21 47 -- -- -- 4 -- -- 21 51
East Gwillimbury 26 67 -- -- -- -- -- -- 26 67
Georgina Township 38 16 -- -- -- -- -- -- 38 16
Toronto City 168 174 6 2 163 114 505 1,608 842 1,898
Mississauga 40 13 -- 8 12 -- -- -- 52 21
Brampton 174 174 18 44 -- 124 12 -- 204 342
Caledon 13 4 6 -- -- -- -- -- 19 4
Town of Mono 1 -- -- -- -- -- -- -- 1 --
Orangeville -- -- -- -- -- -- -- -- -- --
Oakville 25 39 2 -- 48 43 -- -- 75 82
Milton 5 14 -- -- -- -- 135 -- 140 14
Halton Hills -- 12 -- -- 63 17 -- -- 63 29
New Tecumseth 34 53 8 -- -- -- -- -- 42 53
Bradford West Gwillimbury 33 110 -- -- -- -- -- -- 33 110
Total Toronto CMA Starts 915 1,140 80 76 436 424 652 1,859 2,083 3,499

Source: CMHC

Preliminary Actual Housing Start Data by Type
Year to Date / 2015 – 2016
Toronto CMA Single Semi Row Apt Total
List of Sub- markets 2015 2016 2015 2016 2015 2016 2015 2016 2015 2016
Pickering 88 83 12 -- 10 40 -- -- 110 123
Ajax 164 128 -- 10 69 51 -- -- 233 189
Uxbridge 49 32 8 10 40 9 -- -- 97 51
Vaughan 695 282 30 16 132 306 1,372 44 2,229 648
Markham 234 235 50 26 289 145 460 1,235 1,033 1,641
Richmond Hill 117 191 2 12 272 61 -- -- 391 264
Whitchurch-Stouffville 55 83 2 -- 236 25 24 154 317 262
Aurora 329 356 4 62 103 199 77 -- 513 617
Newmarket 66 250 4 2 23 22 16 231 109 505
King Township 151 157 -- -- 21 10 -- -- 172 167
East Gwillimbury 100 94 -- -- -- -- -- -- 100 94
Georgina Township 81 234 2 -- 16 12 -- -- 99 246
Toronto City 616 728 16 12 356 272 8,623 11,960 9,611 12,972
Mississauga 123 77 22 30 185 134 1,319 260 1,649 4501
Brampton 1,131 1,396 280 176 550 546 150 50 2,111 2,168
Caledon 237 133 38 24 42 16 -- -- 317 173
Town of Mono 2 48 -- -- -- -- -- 1 2 49
Orangeville 24 11 -- -- 18 58 -- -- 42 69
Oakville 223 403 2 42 180 338 491 30 896 813
Milton 79 113 2 -- 118 39 342 135 541 287
Halton Hills 286 45 -- 2 86 51 -- -- 372 98
New Tecumseth 91 416 54 40 39 113 48 -- 232 569
Bradford West Gwillimbury 115 332 2 62 13 80 -- -- 130 474
Total Toronto CMA Starts 5,056 5,827 530 526 2,798 2,527 12,922 14,100 21,306 22,980

Source: CMHC

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