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Residential Housing Starts

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Data source – Canadian Mortgage and Housing Corporation (CMHC)

  • Housing starts activities in Peel Region remained buoyant in the second quarter of 2017, and added to the first quarter performance to result in a strong positive performance for the first half of 2017.
  • During January – June the total number of housing starts recorded in Peel Region was 3,678 units, up 48.6 per cent when compared with the similar half year period of 2016.
  • The increase observed was reflected higher levels of both single and multiple starts, but single starts led the increase.
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Data source – Canadian Mortgage and Housing Corporation (CMHC)

Housing starts by Type

  • Single starts dominated the growth in actual residential housing activities in Peel during January – June 2017.
  • During the period, a total of 2,463 single starts were recorded in Peel, up from 1,826 single starts (74.1 per cent) during the similar period of 2016.
  • This was the highest number of single starts registered in Peel in any January – June period since 2005 when 2,614 such units were recorded.
  • During the same period, the number of multiple starts registered also increased, moving from 1,060 units in January – June 2016 to 1,215 units (14.5 per cent).
  • Reflecting the stronger growth in single starts, that segment of the market increased its market share from 57.2 per cent in January – June 2016 to 67.0 per cent in January – June 2017.
  • The market share accounted for by multiple starts registered a corresponding decline from 42.8 per cent to 33.0 per cent respectively.
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Data source – Canadian Mortgage and Housing Corporation (CMHC)

Housing starts by Municipality

  • The growth in the number of housing starts recorded in the first half of 2017 was the result of improved performances in all three Peel municipalities.
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Data source – Canadian Mortgage and Housing Corporation (CMHC)
  • In the City of Mississauga, there was more than doubling of starts from 480 units in the first half of 2016 to 1,078 units in the similar period of 2017.
  • This increase reflected a significant jump in the number of single starts, moving from 64 units to 1,021 units respectively over the same time period.
  • In contrast, between the first half of 2016 and that of 2017, the number of multiple starts in the City of Mississauga fell by 72.5 per cent to 57 units.
  • In the Town of Caledon, there was a 40.8 per cent jump in total housing starts in the first half of 2017, reflecting an increase in total housing starts from 169 units in January – June 2016 to 238 units in January – June 2017.
  • The increase observed was underpinned by higher levels of activities in both multiple starts and single starts:
    • Multiple starts: up 140.0 per cent to 96 units; and
    • Single starts: up 10.1 per cent to 142 units.
  • The total number housing starts registered in the City of Brampton in January – June 2017 was 2,362 units, an increase of 29.4 per cent when compared with the similar half year period of 2016.
  • Activities in both the multiple and single segments of the market grew.
  • The total number of multiple starts advanced by 75.8 per cent to 1,062 units, while the total number of single starts increased by 6.4 per cent to 1,300 units.
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Data source – Canadian Mortgage and Housing Corporation (CMHC)
  • The City of Brampton remained the municipality with the highest number of housing starts in the first half of 2017.
  • However, with stronger housing starts changes in the City of Mississauga and the Town of Caledon, there was a shift in the share housing activities between the first half of 2016 and the first quarter of 2017.
  • With a more than doubling in starts, the market share for The City of Mississauga increased from 19.4 per cent in 2016 (January – June) to 29.3 per cent in the similar period of 2017.
  • Market shares accounted for by the remaining two municipalities declined over the same time period as follows:
    • City of Brampton: down from 73.8 per cent to 64.2 per cent; and
    • Town of Caledon: down from 6.8 per cent to 6.5 per cent.

  • The changes in housing starts in the broader market of the Toronto Census Metropolitan Area (CMA) and the Greater Toronto Area (GTA) were less positive than that observed in Peel Region during January – June 2017.
  • In Toronto CMA, the number of housing starts recorded declined by 3.6 per cent when compared with the first half of 2016 to 18,776 units.
  • The weakness concentrated in the multiple segment of the market where 13,836 units were recorded, compared with 14,794 units in January – June 2017.
  • The total number of single starts in the Toronto CMA rose by 5.4 per cent over the same period to 4,940 units in January – June 2017.
  • A decline was also observed in the Greater Toronto Area (GTA), where the total number of housing starts recorded in January – June 2017 was 19,361 units, down (4.4 per cent) from a total of 20,245 units registered in January – June 2017.
  • This was the net result of the following changes:
    • Single starts: up 6.8 per cent to 4,985 units; and
    • Multiple starts: down 7.7 per cent to 14,376 units.