Strong Housing Activity in Ontario Fuels Nationwide Growth

By Rich Christianson | Posted: 11/08/2013 2:24PM

 

OTTAWA, ON - Housing starts grew 19% in Ontario last month, offsetting declines felt in all otehr urban centers of Canada, according to preliminary data released by the Canada Mortgage and Housing Corporation (CMHC)

click image to zoomCanada Mortgage and Housing Coporation October 2013 Housing Starts Canadian housinig starts grew 2% in October to 195,338 units compared to 191,557 in September. Ontario's urban centers jumped 19% to 68,277 units and rural Canada, with 20,048 units, climbed 12.9%.

Losses were experienced in the urban centers of Atlantic, -8.1%; Quebec, -3.8%; the Prairies. -5.8%; and British Columbia. -19.2%.

“The trend in total housing starts has gained momentum since July, which is in line with expectations that new construction would strengthen over the second half of 2013," said Mathieu Laberge, deputy chief economist at CMHC. "Gains since July have been broad-based, reflecting increased activity in large and small urban centres, particularly in Ontario and, to some extent, in British Columbia. Housing starts remain on target with our projected total for 2013, which is expected to range between 179,300 and 190,600 units,”

Canada Mortgage and Housing Coporation October 2013 Housing Starts

 

About the Author

Rich Christianson

Rich Christianson is Associate Publisher and Editor at Large of Woodworking Network. During his 25+ years covering the wood products industry, Rich has toured hundreds of manufacturing plants throughout North America, Europe and Asia. His reporting has covered everything from the state of the industry and impact of wood imports to technology and environmental issues. In his current capacity he is responsible for editing the daily Woodworking Network Update newsletter and coordinating events including the annual Cabinets & Closets Conference & Expo and Canada’s biennial Woodworking Machinery & Supply Expo. He can be contacted at rchristianson@woodworkingnetwork.com or follow him on Google+.

Read more of Rich Christianson's blogs.


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