Toronto Housing Starts Increase in October 2016

TORONTO, November 8, 2016 — Housing starts in the Toronto Census Metropolitan Area (CMA) trended higher at 39,664 units in October 2016 compared to 37,948 in September 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.

“Toronto’s housing starts trend rebounded in October after two months of decline,” said Dana Senagama, CMHC Principal Market Analyst for the GTA. “Limited resale listings of single-detached homes continue to cause demand to spill over into the new home market, prompting a pick-up in home construction.”

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 47,972 units in October, up from 30,228 units in September. The increase was mainly a result of more apartment starts.

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

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.

Source: CMHC

Preliminary Housing Start Data
October 2016
Toronto CMA1 September 2016 October 2016
Trend2 37,948 39,664
SAAR 30,228 47,972
  October 2015 October 2016
Actual    
October — Single-detached 1,043 1,215
October — Multiples 2,345 2,989
October — Total 3,388 4,204
January to October — Single-detached 8,205 9,226
January to October — Multiples 26,906 24,073
January to October — Total 35,111 33,299

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
October 2015-2016
Toronto CMA Single Semi Row Apt Total
  2015 2016 2015 2016 2015 2016 2015 2016 2015 2016
List of Sub-markets  
Pickering 8 18 -- -- -- 7 -- -- 8 25
Ajax 8 32 -- -- 36 -- -- -- 44 32
Uxbridge 9 -- 2 -- -- -- -- -- 11 --
Vaughan 35 48 -- -- 12 39 -- -- 47 87
Markham 44 28 6 2 -- 8 220 200 270 238
Richmond Hill 12 47 -- -- -- 73 -- 176 12 296
Whitchurch-Stouffville 8 7 -- -- -- -- -- -- 8 7
Aurora 14 98 -- -- 26 82 -- -- 40 180
Newmarket 23 26 32 -- -- -- -- -- 55 26
King Township 113 20 -- -- 13 -- -- -- 126 20
East Gwillimbury 11 238 -- 2 -- 80 -- -- 11 320
Georgina Township 33 22 -- -- -- 16 -- -- 33 38
Toronto City 137 112 2 8 10 50 1,327 1,954 1,476 2,124
Mississauga 12 16 2 -- -- -- 324 -- 338 16
Brampton 217 277 82 72 59 -- -- -- 358 349
Caledon 98 11 8 -- 29 -- -- -- 135 11
Town of Mono 37 10 -- -- -- -- -- -- 37 10
Orangeville 3 -- -- -- -- 12 -- -- 3 12
Oakville 30 77 -- -- 64 94 -- -- 94 171
Milton 76 40 -- 34 61 -- -- -- 137 74
Halton Hills 2 14 -- -- -- -- -- 56 2 70
New Tecumseth 88 68 12 8 18 16 -- -- 118 92
Bradford West Gwillimbury 25 6 -- -- -- -- -- -- 25 6
Total Toronto CMA Starts 1,043 1,215 146 126 328 477 1,871 2,386 3,388 4,204

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 122 140 14 4 24 81 169 -- 329 225
Ajax 209 202 -- 10 130 51 -- -- 339 263
Uxbridge 65 36 10 12 61 16 -- -- 136 64
Vaughan 900 620 34 18 168 435 1,751 102 2,853 1,175
Markham 330 306 62 34 387 238 680 1,701 1,459 2,279
Richmond Hill 157 342 4 22 402 160 1,224 176 1,787 700
Whitchurch-Stouffville 66 140 2 -- 267 46 54 154 389 340
Aurora 440 581 4 82 218 343 207 -- 869 1,006
Newmarket 143 300 58 2 23 41 16 231 240 574
King Township 361 239 -- -- 34 10 -- -- 395 249
East Gwillimbury 123 484 -- 52 -- 138 -- -- 123 674
Georgina Township 194 294 2 -- 24 44 -- -- 220 338
Toronto City 1,049 1,121 24 54 417 623 14,182 16,178 15,672 17,976
Mississauga 170 123 68 34 230 134 2,192 260 2,660 551
Brampton 1,826 2,171 474 270 781 687 150 50 3,231 3,178
Caledon 517 188 72 26 110 46 -- -- 699 260
Town of Mono 102 84 -- -- -- -- -- 1 102 85
Orangeville 31 11 -- -- 18 91 -- -- 49 102
Oakville 287 555 2 46 300 500 907 214 1,496 1,315
Milton 229 205 2 34 191 39 464 135 886 413
Halton Hills 299 74 -- 2 86 71 -- 56 385 203
New Tecumseth 270 590 82 48 62 129 48 -- 462 767
Bradford West Gwillimbury 315 420 2 62 13 80 -- -- 330 562
Total Toronto CMA Starts 8,205 9,226 916 812 3,946 4,003 22,044 19,258 35,111 33,299

Source: CMHC

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