Housing Starts In Niagara

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Statistics Canada (2007) reported that $33.3 million (Canadian) in building permits were filed in the St. Catharines-Niagara Census Metropolitan Area in May, 2007. That figure was up 5.3 % from $31.6 million (Canadian) in April, 2006.

 

Table 15 Niagara Housing Market Indicators data 2001-2006 Canadian Housing Observer Report               

Construction 2001 2002 2003 2004 2005 2006
Construction starts 1,184 1,317 1,444 1,781 1,412 1,294
Rental vacancy % 1.9 2.4 2.7 2.6 2.7 4.3
Rental availability na na na 4.4 4.6 6.1
New Housing Price Index % change 2.3 1.9 4.9 6.9 6.9 4.7
Average rent bachelor 569 583 600 611 624 636
One bedroom 569 583 600 611 624 636
Two bedroom 680 695 704 722 736 752
Three bedroom 761 766 813 829 855 850

 

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