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Toronto Housing Starts Decrease in August 2016

TORONTO, September 8, 2016 — Housing starts in the Toronto Census Metropolitan Area (CMA) trended lower at 42,103 units in August 2016 compared to 43,331 in July 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.

“Fewer apartment starts this past August are mainly responsible for a slowdown in the overall Toronto housing starts trend, in what has otherwise been a busy construction year,” said Dana Senagama, CMHC Principal Market Analyst for the GTA. “That said, limited resale listings have resulted in more buyers purchasing pre-construction homes – particularly low-rise units for which building has now begun.”

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 40,378 units in August, up from 39,846 units in July. The increase was mainly a result of more single-detached and row 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 and row starts. Next was the City of Markham that had a higher number of apartment units start construction.

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
August 2016
Toronto CMA1 July 2016 August 2016
Trend2 43,331 42,103
SAAR 39,846 40,378
  August 2015 August 2016
Actual    
August — Single-detached 1,084 1,183
August — Multiples 4,445 2,363
August — Total 5,529 3,546
January to August — Single-detached 6,140 7,010
January to August — Multiples 20,695 19,516
January to August — Total 26,835 26,526

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
August 2015 – 2016
Toronto CMA Single Semi Row Apt Total
List of Sub- markets 2015 2016 2015 2016 2015 2016 2015 2016 2015 2016
Pickering 4 31 -- 4 -- -- 169 -- 173 35
Ajax 32 24 -- -- -- -- -- -- 32 24
Uxbridge 4 3 -- -- -- -- -- -- 4 3
Vaughan 120 186 4 2 24 32 379 58 527 278
Markham 31 26 2 -- 51 26 -- 266 84 318
Richmond Hill 16 59 -- 2 89 26 1,125 -- 1,230 87
Whitchurch-Stouffville 2 3 -- -- 31 -- 30 -- 63 3
Aurora 65 64 -- 18 71 26 130 -- 266 108
Newmarket 25 10 22 -- -- 19 -- -- 47 29
King Township 38 41 -- -- -- -- -- -- 38 41
East Gwillimbury 10 34 -- -- -- 12 -- -- 10 46
Georgina Township 54 18 -- -- 8 16 -- -- 62 34
Toronto City 142 146 6 22 41 113 1,348 1,347 1,537 1,628
Mississauga 17 14 42 -- 11 -- 469 -- 539 14
Brampton 205 268 108 2 76 88 -- -- 389 358
Caledon 75 32 8 2 24 -- -- -- 107 34
Town of Mono 53 18 -- -- -- -- -- -- 53 18
Orangeville 4 -- -- -- -- 6 -- -- 4 6
Oakville 17 49 -- 4 -- 68 36 184 53 305
Milton 2 13 -- -- -- -- 122 -- 124 13
Halton Hills 9 12 -- -- -- 20 -- -- 9 32
New Tecumseth 51 69 14 -- 5 -- -- -- 70 69
Bradford West Gwillimbury 108 63 -- -- -- -- -- -- 108 63
Total Toronto CMA Starts 1,084 1,183 206 56 431 452 3,808 1,855 5,529 3,546

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 92 114 12 4 10 40 169 -- 283 158
Ajax 196 152 -- 10 69 51 -- -- 265 213
Uxbridge 53 35 8 10 40 9 -- -- 101 54
Vaughan 815 468 34 18 156 338 1,751 102 2,756 926
Markham 265 261 52 26 340 171 460 1,501 1,117 1,959
Richmond Hill 133 250 2 14 361 87 1,125 -- 1,621 351
Whitchurch-Stouffville 57 86 2 -- 267 25 54 154 380 265
Aurora 394 420 4 80 174 225 207 -- 779 725
Newmarket 91 260 26 2 23 41 16 231 156 534
King Township 189 198 -- -- 21 10 -- -- 210 208
East Gwillimbury 110 128 -- -- -- 12 -- -- 110 140
Georgina Township 135 252 2 -- 24 28 -- -- 161 280
Toronto City 758 874 22 34 397 385 9,971 13,307 11,148 14,600
Mississauga 140 91 64 30 196 134 1,788 260 2,188 515
Brampton 1,336 1,664 388 178 626 634 150 50 2,500 2,526
Caledon 312 165 46 26 66 16 -- -- 424 207
Town of Mono 55 66 -- -- -- -- -- 1 55 67
Orangeville 28 11 -- -- 18 64 -- -- 46 75
Oakville 240 452 2 46 180 406 527 214 949 1,118
Milton 81 126 2 -- 118 39 464 135 665 300
Halton Hills 295 57 -- 2 86 71 -- -- 381 130
New Tecumseth 142 485 68 40 44 113 48 -- 302 638
Bradford West Gwillimbury 223 395 2 62 13 80 -- -- 238 537
Total Toronto CMA Starts 6,140 7,010 736 582 3,229 2,979 16,730 15,955 26,835 26,526

Source: CMHC

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