Real Estate — November 5, 2012

Housing Markets Remain Relatively Healthy in Hamilton and Brantford CMAs

TORONTO, ONTARIO--(Marketwire - Nov. 5, 2012) - According to Canada Mortgage and Housing Corporation's (CMHC) Fall Housing Market Outlook report for the Hamilton and Brantford Census Metropolitan Areas (CMAs), demand for resale homes will moderate in late 2012 through the first half of 2013. Improving economic conditions and higher net migration will help stabilize housing markets in both Hamilton and Brantford CMAs by the second half of 2013. In the new home markets, residential construction activities will return to more sustainable levels in line with household formation.

"Even as existing home sales decrease in 2013, Hamilton and Brantford CMAs will still report more activity than the 20-year average sales of 10,800 units and 1,760 units respectively," said Abdul Kargbo, CMHC Senior Market Analyst for the Hamilton and Brantford CMAs. "The relative affordability of both the Hamilton and Brantford CMA housing markets will continue to encourage more people to move from neighbouring areas into the Hamilton and Brantford CMAs."

As Canada's national housing agency, CMHC draws on more than 65 years of experience to help Canadians access a variety of quality, environmentally sustainable and affordable housing solutions. CMHC also provides reliable, impartial and up-to-date housing market reports, analysis and knowledge to support and assist consumers and the housing industry in making informed decisions.

For more information, visit www.cmhc.ca or call 1-800-668-2642. CMHC Market Analysis standard reports are also available free for download at CMHC Housing Market Information.

(Ce document existe également en français)

Contact Information

Market Analysis:
Abdul Kargbo
416-250-3294
akargbo@cmhc.ca

Media Relations:
Beth Bailey
416-218-3355
bbailey@cmhc.ca

Print

Latest Industry Press Releases

Updated 11:49 EDT, April 24, 2014  

Construction/Building

Stantec executives to hold first quarter 2014 conference call (2014-04-24)

DIRTT to Release 2014 Q1 Results on May 12, 2014 (2014-04-24)

Retrocom REIT Announces Date of First Quarter 2014 Financial Results Conference Call (2014-04-23)

President of Contractors Association Eyes Retirement on the Horizon (2014-04-23)

Tree Island Announces First Quarter 2014 Financial Results and Conference Call Notification (2014-04-22)

Dresner Partners Announces Partnership With Richmond Virginia-Based Investment Bank (2014-04-22)

The North Front Limited Partnership Seeks Limited Partner Approval to Sell the Richmond Retirement Residence and Dissolve (2014-04-22)

RenoWorks Announces 2013 Fourth Quarter and Year End Financial Results (2014-04-22)

Toromont to Hold Annual and Special Meeting of Shareholders on April 25, 2014 (2014-04-22)

Pour célébrer le Jour de la Terre, la Banque Scotia lance un outil amélioré qui aident les Canadiens à économiser énergie et argent (2014-04-22)

Scotiabank Launches Enhanced Tool for Earth Day, Helps Canadians Save Money by Saving Energy (2014-04-22)

Empire Industries Reports 2013 Profit of $4.4 Million (2014-04-22)

NorRock Realty Finance Corporation Announces Private Placement and Update to Proposed Reactivation Transaction (2014-04-21)

Greater Toronto Realtors(R) Report Mid-Month Resale Housing Statistics (2014-04-17)

Black Diamond Group Limited Announces April Dividend (2014-04-17)

CanWel Building Materials Announces First Quarter 2014 Financial Results Notification (2014-04-17)

MOST POPULAR STORIES
TODAY’S TOP CONSTRUCTION PROJECTS

These projects have been selected from 479 projects with a total value of $1,224,678,004 that Reed Construction Data Building Reports reported on Wednesday.

MULTI-RESIDENTIAL APARTMENT BUILDING

$31,000,000 Richmond Hill ON Negotiated

AQUATIC CENTRE ADDN, OUTDOOR RINK

$30,000,000 Brampton ON Tenders

OFFICE BUILDING

$30,000,000 Mississauga ON Negotiated

Daily Top 10