Real Estate — November 8, 2012

October 2012 Housing Starts in Brantford CMA

TORONTO, ONTARIO--(Marketwire - Nov. 8, 2012) - Housing starts in Brantford, Census Metropolitan Area (CMA) were trending at 375 units in October, according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six month moving average of the monthly seasonally adjusted annual rates (SAAR)1 of housing starts. The standalone monthly SAAR was 353 units in October, down from 360 units in September.

"Total housing starts were down in October 2012 compared to the same month in 2011. The more volatile multiple-housing segment was completely responsible for the decline in Brandford's total housing starts this October," said Abdul Kargbo, CMHC's Senior Market Analyst for the Hamilton and Brantford CMAs.

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 more 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 multiples segment includes apartments, rows and semi-detached homes.

Single-detached housing starts, which are less volatile and therefore a better indicator of the trend in construction activity, increased in October 2012 compared to the same month a year earlier. The strong performance in single-detached starts this October marked four consecutive monthly increases in construction activity for this type of dwelling. Within the multiple-housing segment, in October 2012, semi-detached starts edged up while no construction activity occurred for row or apartment structures. On a sub-market basis, between January and October 2012, total housing starts in Brant City advanced by double digits, while total residential construction activity in Brantford City remained below the number of units reported during the first ten months of 2011.

Preliminary Housing Starts data is also available in English and French at the following link: Preliminary Housing Starts Tables

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.

1 All starts figures in this release, other than actual starts and the trend estimate, are seasonally adjusted annual rates (SAAR) - that is, monthly figures adjusted to remove normal seasonal variation and multiplied by 12 to reflect annual levels. By removing seasonal ups and downs, seasonal adjustment allows for a comparison from one season to the next and from one month to the next. Reporting monthly figures at annual rates indicates the annual level of starts that would be obtained if the monthly pace was maintained for 12 months. This facilitates comparison of the current pace of activity to annual forecasts as well as to historical annual levels.

Additional data is available upon request.

(Ce document existe également en français)

A graphic is available at the following address: http://media3.marketwire.com/docs/CMHC_Brantforda1107.pdf

Preliminary Housing Start Data
October / 2011-2012
Brantford, CMA1 October 2011 October 2012
Actual
October - Single-Detached 26 32
October - Multiples 29 2
October - Total 55 34
January to October - Single-Detached 180 234
January to October - Multiples 155 95
January to October - Total 335 329
September 2012 October 2012
SAAR2
Total 360 353
Source: CMHC
1 Census Metropolitan Area
2 Seasonally Adjusted at Annual Rates
Detailed data available upon request.
Brantford Preliminary Actual Housing Start Data by Type
October / 2011-2012
Brantford, CMA1 Single Semi Row Apt
Total
2011 2012 2011 2012 2011 2012 2011 2012 2011 2012
Brant City 11 11 0 0 14 0 0 0 25 11
Brantford City 15 21 0 2 15 0 0 0 30 23
Total Brantford CMA Starts 26 32 0 2 29 0 0 0 55 34
Brantford Preliminary Actual Housing Start Data by Type
January to October / 2011-2012
Brantford, CMA1 Single Semi Row Apt
Total
2011 2012 2011 2012 2011 2012 2011 2012 2011 2012
Brant City 72 91 0 2 14 5 0 0 86 98
Brantford City 108 143 4 10 76 78 61 0 249 231
Total Brantford CMA Starts 180 234 4 12 90 83 61 0 335 329
1Census Metropolitan Area

Contact Information

Market Analysis Contact:
Canada Mortgage and Housing Corporation
Edward Heese
416-218-3369
eheese@cmhc.ca

Media Contact:
Canada Mortgage and Housing Corporation
Beth Bailey
416-218-3355
bbailey@cmhc.ca

Print

Latest Industry Press Releases

Updated 17:49 EDT, April 24, 2014  

Construction/Building

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

Toromont Announces Results for the First Quarter of 2014 and Regular Quarterly Dividend (2014-04-24)

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

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

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

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

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

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

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

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

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

RenoWorks Announces 2013 Fourth Quarter and Year End Financial Results (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)

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

Black Diamond Group Limited Announces April Dividend (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