Housing Starts and the building industry

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Housing starts (including single, semi, row, apt) were up inNiagara in 2010 (1354) compared to 2009 (1015). Housing Starts declined for the first quarter of 2011 mainly due to the decline in row housing starts.

St. Catharines - Niagara CMA Housing Starts

Source:  http://www.cmhc-schl.gc.ca/odpub/esub/64679/64679_2011_M01.pdf?fr=1308841467656

Housing Market Information

http://publications.gc.ca/collections/collection_2011/schl-cmhc/nh12-35/NH12-35-2011-1-eng.pdf

 

Table 5.2 Housing data 2001-2010 in Niagara

2001 2002 2003 2004 2005 2006 2008 2009 2010
Total Housing Starts 1,184 1,317 1,144 1,781 1,412 1,294 1,138 859 1,354
Rental Vacancy % 1.9 2.4 2.7 2.6 2.7 4.3 4.2 4.4 4.4
Average Rental Availability No data No data No data 4.4 4.6 6.1 6.8 6.3 6.1
Bachelor 569 583 600 611 624 636 532 527 528
1 bedroom 569 583 6000 611 624 636 663 679 691
2 bedroom 680 695 704 722 736 752 774 803 817
3 bedroom 761 766 813 829 855 850 865 887 918

 

“ The residential construction industry is essential to our region’s economic recovery and long-term prosperity” (Canadian Home Builders’ Association 2010)The home building industry:  The building industry is a sign of economic health in an area. It is a major driver of the economy and a provider of jobs. Its growth depends on the population growth of the region and levels of income and employment that support both residential and non residential building. The housing industry is making efforts increasingly to go green and to integrate more environmental friendly and conservation oriented construction. Source: Niagara Home Builders’ Association.

 

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