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Housing Starts


  • In the first three months of 2018, new housing construction in Peel (as well as in all Regions in the Greater Toronto Area, except the City of Toronto) as represented by the total number of housing starts, plummeted.
  • For the period, the total number of housing starts recorded in Peel Region was 480 units, down from 1,937 units recorded in the similar three-month period of 2017 and one of the lowest first quarter performances on record.
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Data source – Canadian Mortgage and Housing Corporation (CMHC)
  • The lower level of activities may have been influenced by several factors led by the following:
    • Increased demand in the housing market in the first quarter of 2017 ahead of the new policies which came into effect in April 2017. In the similar quarter of 2018 demand conditions were less favourable because of the new policies as well as higher interest rates. The comparison of the two first quarters, characterized by two different market conditions, yielded the significant difference in activities observed; and
    • Strong variability in the multiple segments of the market which can result in large swings in the number of starts from one period to another.
  • The decline in starts observed in January – March 2018 occurred as there were reduced levels of activities in both the single and multiple segments of the market.
  • There were declines also in all three area municipalities.
Housing starts by Type
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Data source – Canadian Mortgage and Housing Corporation (CMHC)
  • A total of 140 single starts were recorded in Peel during January – March 2018, down 77.5 per cent when compared with January – March 2017.
  • The number of single starts fell in the City of Brampton and the Town of Caledon to underpin the overall decline observed.
  • The number of multiple starts fell by a comparable 74.1 per cent to 340 units as activities in this segment of the market were lower in all three Peel municipalities.
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Data source – Canadian Mortgage and Housing Corporation (CMHC)
  • Given similar changes in both segments of the market, the shares of the market between multiple and single starts were little changed.
  • Single starts accounted for 29.2 per cent of the market in January – March 2018, down slightly from 32.2 per cent in January – March 2017, while multiple starts increased its share from 67.8 per cent in January – March 2017 to 70.8 per cent in January – March 2018.
  • The dominance of the multiple starts in both the first quarters of 2017 and 2018 was in line with the provincial direction for increased intensification.

Housing starts by Municipalities

  • When compared with January – March 2017, total housing starts declined in all the three Peel municipalities in January – March 2018.
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Data source – Canadian Mortgage and Housing Corporation (CMHC)

The City of Mississauga

  • The largest decline was recorded in the City of Mississauga where total starts fell from 685 units in January – March 2017 to 40 units in the similar period of 2018.
  • The change was a result of the performance in the multiple segment of the market where the number of starts fell from 673 units to 21 units respectively, a decline of 96.9 per cent.
  • As a mature city, housing starts activities in the City of Mississauga have been increasingly dominated by the multiple segment of the market where activities tend to be more volatile.
  • In the first quarter of 2018, there were 19 single starts in the City of Mississauga, up from 12 cases the corresponding quarter of 2017.

The Town of Caledon

  • The total number of housing starts recorded in the Town of Caledon fell from 161 units in January – March 2017 to 13 units in January – March 2018.
  • This was the lowest number of housing starts recorded in the Town of Caledon in any first quarter period since 2009.
  • There were no multiple starts in the Town of Caledon in January – March 2018, and there were 13 single starts, down from 77 starts in January – March 2017.

The City of Brampton

  • Among Peel’s three area municipalities, the City of Brampton registered the highest number of housing starts in January – March 2018 at 427 units.
  • However, this was 60.9 per cent lower than that recorded in the corresponding quarter of 2017, reflecting lower number of starts in both segments of the market as follows:
    • Single starts: down 79.8 per cent to 108 units; and
    • Multiple starts: down 42.7 per cent to 319 units.

Improved performance in April – June 2018

  • New housing construction activities in Peel rebounded in the second quarter of 2018.
  • When compared with the second quarter of 2017, the total number of housing starts increased by 36.8 per cent to 2,382 units.
  • This was achieved because of a more than doubling of the number of multiple starts in Peel from 865 units in April – June 2017 to 1,826 units in April – June 2018.
  • The total number of single starts remained below the level attained in 2017, falling by 36.5 per cent over the same period to 556 units.
  • Construction activities improved in the Town of Caledon and the City of Mississauga to support the improved performance observed.

Greater Toronto Area and the Toronto CMA: January – March 2018

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Data source – Canadian Mortgage and Housing Corporation (CMHC)
  • Unlike the changes observed in Peel Region, changes in total housing starts in Toronto CMA and the Greater Toronto Area (GTA) were positive.
  • In the first quarter of 2018 the total number of housing starts registered in the Toronto CMA was 11,702 units, or 12.6 per cent above that registered in the first quarter of 2017.
  • This was comprised of 10,264 multiple starts, (up 27.0 per cent) and 1,438 single starts, (down 37.9 per cent).
  • There was an 11.6 per cent increase in total housing starts in the GTA to 11,702 units in January – March 2018.
  • This reflected solely a 26.8 per cent increase in the larger multiple segment of the market with a total of 10, 274 units during the period.
  • Total multiple starts declined by 40.1 per cent to 1,428 units.
  • The growth observed at the broader Toronto CMA and GTA in January – March 2018 was influenced by a relatively strong 67.2 per cent increase in the City of Toronto (to 7,624 units), as the remaining four Regions registered declines as follows:
    • Durham Region: down 91.9 per cent to 13 units;
    • Peel Region: down 75.2 per cent to 480 units;
    • Halton Region: down 60.9 per cent to 427 units; and
    • York Region: down 30.7 per cent to 1,388 units.
  • Given the strong housing starts performances by the City of Toronto the City’s share of total starts in the GTA jumped from 46.8 per cent in January – March 2017 to 76.8 per cent in January – March 2018.