2015 Momentum in Toronto Housing Starts Carries Into January 2016

TORONTO, February 8, 2016 — Housing starts in the Toronto Census Metropolitan Area (CMA) trended at 45,114 units in January 2016 compared to 44,834 in December 2015 according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts.

“With respect to Toronto housing starts, last year’s momentum continued throughout January,” said Dana Senagama, CMHC Principal Market Analyst for the GTA. “Low inventory in the resale market and increased new home sales over the past couple of years led to stronger starts of both low and high-rise units.”

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 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 standalone monthly SAAR was 25,329 units in January, up from 24,732 units in December. The increase was the result of greater apartment starts.

Construction of 725 new apartment units within the City of Toronto meant it recorded the highest number of starts within the GTA. Brampton recorded the next highest number of starts comprising mostly single-detached and row units. This was followed by Milton, where apartment construction was robust.

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

As Canada’s authority on housing, CMHC contributes to the stability of the housing market and financial system, provides support for Canadians in housing need, and offers objective housing research and information to Canadian governments, consumers and the housing industry.

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Information on this release:

Media Contact:
Angelina Ritacco, Public Affairs Advisor, Communications and Marketing
416-218-3320
Cell.: 647-210-7420
aritacco@cmhc.ca

Additional data is available upon request.


Preliminary Housing Start Data
January 2016
Toronto CMA1 December 2015 January 2016
Trend2 44,834 45,114
SAAR 24,732 25,329
  January 2015 January 2016
Actual    
January — Single-detached 440 643
January — Multiples 2,534 1,200
January — Total 2,974 1,843

Source: CMHC
1 Census Metropolitan Area
2 The trend is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR).
Detailed data available upon request

Preliminary Actual Housing Start Data by Type
January 2015-2016
Toronto CMA Single Semi Row Apt Total
  2014 2015 2014 2015 2014 2015 2014 2015 2014 2015
List of Sub- markets  
Pickering 8 -- -- -- -- -- -- -- 8 --
Ajax 4 1 -- -- 7 -- -- -- 11 1
Uxbridge 2 1 -- -- -- -- -- -- 2 1
Vaughan 26 10 -- -- 35 -- 350 -- 411 10
Markham 9 16 -- -- -- -- -- -- 9 16
Richmond Hill 3 10 -- -- 19 6 -- -- 22 16
Whitchurch-Stouffville 6 1 -- -- -- 9 -- -- 6 10
Aurora 15 33 -- -- -- -- -- -- 15 33
Newmarket -- 11 -- -- 23 -- -- 6 23 17
King Township 29 12 -- -- 4 -- -- -- 33 12
East Gwillimbury 22 2 -- -- -- -- -- -- 22 2
Georgina Township 7 40 -- -- 12 -- -- -- 19 40
Toronto City 44 67 -- 2 -- 12 1,782 725 1,826 806
Mississauga 17 17 8 2 -- 14 -- -- 25 33
Brampton 77 135 28 20 -- 94 138 -- 243 249
Caledon 35 23 -- 2 28 16 -- -- 63 41
Town of Mono -- -- -- -- -- -- -- -- -- --
Orangeville 6 6 -- -- 5 -- -- -- 11 6
Oakville 17 144 -- -- 11 31 15 -- 43 175
Milton 47 44 -- -- 6 19 -- 135 53 198
Halton Hills 41 6 -- -- -- -- -- -- 41 6
New Tecumseth 20 47 28 26 27 50 -- -- 75 123
Bradford West Gwillimbury 5 17 2 20 6 11 -- -- 13 48
Total Toronto CMA Starts 440 643 66 72 183 262 2,285 866 2,974 1,843

Source: CMHC

Preliminary Actual Housing Start Data by Type
Year to Date / 2015-2016
Toronto CMA Single Semi Row Apt Total
  2014 2015 2014 2015 2014 2015 2014 2015 2014 2015
List of Sub- markets  
Pickering 8 -- -- -- -- -- -- -- 8 --
Ajax 4 1 -- -- 7 -- -- -- 11 1
Uxbridge 2 1 -- -- -- -- -- -- 2 1
Vaughan 26 10 -- -- 35 -- 350 -- 411 10
Markham 9 16 -- -- -- -- -- -- 9 16
Richmond Hill 3 10 -- -- 19 6 -- -- 22 16
Whitchurch-Stouffville 6 1 -- -- -- 9 -- -- 6 10
Aurora 15 33 -- -- -- -- -- -- 15 33
Newmarket -- 11 -- -- 23 -- -- 6 23 17
King Township 29 12 -- -- 4 -- -- -- 33 12
East Gwillimbury 22 2 -- -- -- -- -- -- 22 2
Georgina Township 7 40 -- -- 12 -- -- -- 19 40
Toronto City 44 67 -- 2 -- 12 1,782 725 1,826 806
Mississauga 17 17 8 2 -- 14 -- -- 25 33
Brampton 77 135 28 20 -- 94 138 -- 243 249
Caledon 35 23 -- 2 28 16 -- -- 63 41
Town of Mono -- -- -- -- -- -- -- -- -- --
Orangeville 6 6 -- -- 5 -- -- -- 11 6
Oakville 17 144 -- -- 11 31 15 -- 43 175
Milton 47 44 -- -- 6 19 -- 135 53 198
Halton Hills 41 6 -- -- -- -- -- -- 41 6
New Tecumseth 20 47 28 26 27 50 -- -- 75 123
Bradford West Gwillimbury 5 17 2 20 6 11 -- -- 13 48
Total Toronto CMA Starts 440 643 66 72 183 262 2,285 866 2,974 1,843

Source: CMHC

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