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Toronto Housing Starts Increased in January

TORONTO, February 8, 2017 — Housing starts in the Toronto Census Metropolitan Area (CMA) trended at 39,465 units in January compared to 37,285 in December 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.

“The total housing starts trend rebounded in January due to higher apartment starts,” said Dana Senagama, CMHC’s Principal Market Analyst for the GTA. “High demand and limited supply in the resale market continue to lead homebuyers to opt for new homes.”

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 52,941 units in January, up from 34,477 units in December. The increase was largely the result of greater apartment starts.

The City of Toronto recorded the highest number of starts among municipalities this month, as construction began on a large number of new apartment units. Not far behind was Mississauga, which also saw a healthy number of apartment starts. This was followed by Brampton and East Gwillimbury, where construction started on a number of ground oriented units.

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
Public Affairs
416-218-3320
Cell: 647-210-7420
aritacco@cmhc-schl.gc.ca

Additional data is available upon request.

Source: CMHC

Preliminary Housing Start Data
January 2017
Toronto CMA1 December 2016 January 2017
Trend2 37,285 39,465
SAAR 34,477 52,941
  January 2016 January 2017
Actual    
January — Single-detached 643 871
January — Multiples 1,200 3,139
January — Total 1,843 4,010
January to January — Single-detached 643 871
January to January — Multiples 1,200 3,139
January to January — Total 1,843 4,010

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.
Data for 2016 based on 2011 Census Definitions.
Data for 2017 based on 2016 Census Definitions.
Detailed data available upon request.

Preliminary Actual Housing Start Data by Type
January 2016-2017
Toronto CMA Single Semi Row Apt Total
  2016 2017 2016 2017 2016 2017 2016 2017 2016 2017
List of Sub-markets  
Pickering -- 70 -- -- -- -- -- -- -- 70
Ajax 1 13 -- -- -- -- -- -- 1 13
Uxbridge 1 29 -- -- -- -- -- -- 1 29
Vaughan 10 20 -- -- -- 89 -- 60 10 169
Markham 16 13 -- -- -- 39 -- 108 16 160
Richmond Hill 10 19 -- -- 6 -- -- 189 16 208
Whitchurch-Stouffville 1 5 -- -- 9 -- -- -- 10 5
Aurora 33 72 -- -- -- -- -- 77 33 149
Newmarket 11 16 -- -- -- -- 6 -- 17 16
King Township 12 9 -- -- -- -- -- -- 12 9
East Gwillimbury 2 121 -- -- -- 108 -- -- 2 229
Georgina Township 40 18 -- 2 -- 24 -- -- 40 44
Toronto City 67 63 2 -- 12 124 725 1,721 806 1,908
Mississauga 17 2 2 2 14 -- -- 445 33 449
Brampton 135 195 20 38 94 -- -- -- 249 233
Caledon 23 18 2 -- 16 -- -- -- 41 18
Town of Mono -- 3 -- -- -- -- -- -- -- 3
Orangeville 6 4 -- -- -- 16 -- -- 6 20
Oakville 144 11 -- -- 31 57 -- -- 175 68
Milton 44 47 -- -- 19 22 135 -- 198 69
Halton Hills 6 5 -- -- -- -- -- -- 6 5
New Tecumseth 47 76 26 18 50 -- -- -- 123 94
Bradford West Gwillimbury 17 42 20 -- 11 -- -- -- 48 42
Total Toronto CMA Starts 643 871 72 60 262 479 866 2,600 1,843 4,010

Source: CMHC

Preliminary Actual Housing Start Data by Type
Year to Date / 2016-2017
Toronto CMA Single Semi Row Apt Total
  2016 2017 2016 2017 2016 2017 2016 2017 2016 2017
List of Sub- markets  
Pickering -- 70 -- -- -- -- -- -- -- 70
Ajax 1 13 -- -- -- -- -- -- 1 13
Uxbridge 1 29 -- -- -- -- -- -- 1 29
Vaughan 10 20 -- -- -- 89 -- 60 10 169
Markham 16 13 -- -- -- 39 -- 108 16 160
Richmond Hill 10 19 -- -- 6 -- -- 189 16 208
Whitchurch-Stouffville 1 5 -- -- 9 -- -- -- 10 5
Aurora 33 72 -- -- -- -- -- 77 33 149
Newmarket 11 16 -- -- -- -- 6 -- 17 16
King Township 12 9 -- -- -- -- -- -- 12 9
East Gwillimbury 2 121 -- -- -- 108 -- -- 2 229
Georgina Township 40 18 -- 2 -- 24 -- -- 40 44
Toronto City 67 63 2 -- 12 124 725 1,721 806 1,908
Mississauga 17 2 2 2 14 -- -- 445 33 449
Brampton 135 195 20 38 94 -- -- -- 249 233
Caledon 23 18 2 -- 16 -- -- -- 41 18
Town of Mono -- 3 -- -- -- -- -- -- -- 3
Orangeville 6 4 -- -- -- 16 -- -- 6 20
Oakville 144 11 -- -- 31 57 -- -- 175 68
Milton 44 47 -- -- 19 22 135 -- 198 69
Halton Hills 6 5 -- -- -- -- -- -- 6 5
New Tecumseth 47 76 26 18 50 -- -- -- 123 94
Bradford West Gwillimbury 17 42 20 -- 11 -- -- -- 48 42
Total Toronto CMA Starts 643 871 72 60 262 479 866 2,600 1,843 4,010

Source: CMHC

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