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Tuesday, January 10, 2012

December Housing Starts Up in Windsor

Canada Mortgage and Housing Corporation

WINDSOR, ONTARIO--(Marketwire) - New home starts were up in December in the Windsor Census Metropolitan Area (CMA) according to preliminary data released today by Canada Mortgage and Housing Corporation (CMHC). Builders laid foundations for 80 homes compared to 66 in December 2010.

"New residential construction increased for the second consecutive year in 2011, after reaching a low point in 2009," said Paul Tessaro, Market Analyst for CMHC. "The combination of an improving employment situation and a balanced resale market has resulted in stronger demand for new homes in Windsor."

December starts in the Windsor area included 51 single-detached homes, six semi-detached homes and 23 townhomes. Year-to-date, builders started 466 single-detached homes, 92 semi-detached homes, 153 townhomes and eight apartments in the Windsor CMA, up around 17 per cent from the same time in 2010.

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 http://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.

To view the table associated with this release, please visit the following link: http://media3.marketwire.com/docs/cmhc0110winte.pdf.

Contact Information

Canada Mortgage and Housing Corporation
Paul Tessaro
Market Analyst
(519) 873-2426
ptessaro@cmhc.ca

En francais :
Canada Mortgage and Housing Corporation
Ed Heese
Senior Market Analyst
(416) 218-3369
eheese@schl.ca

Windsor-Essex

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