Real Estate — January 9, 2013

December 2012 Housing Starts in Barrie

TORONTO, ONTARIO--(Marketwire - Jan. 9, 2013) - Housing starts in the Barrie Census Metropolitan Area (CMA) were trending at 968 units in December, according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six month moving average of the monthly seasonally adjusted annual rates (SAAR)1 of housing starts. The standalone monthly SAAR was 783 units in December, up from 709 in November.

"Housing starts for the year 2012 were up. Availability of land in the Town of Innisfil for the construction of single-detached homes and the start-up of several higher density residential projects increased housing starts last year." said Abdellah Massaoudi, CMHC's Market Analyst for Barrie.

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 more 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 multiples segment includes apartments, rows and semi-detached homes.

Single-detached starts added 46 actual units in December 2012. Other housing starts totalled 19 actual units for the same month. For the year 2012, housing starts reached 786 in housing starts as more single-detached and row homes were built. Across the zones in the CMA, the Town of Innisfil dominated the construction of single-detached homes, nearly doubling the number of starts for this type of housing from 2011.

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

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 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.

Follow CMHC on Twitter @CMHC_ca.

1 All starts figures in this release, other than actual starts and the trend estimate, are seasonally adjusted annual rates (SAAR) - that is, monthly figures adjusted to remove normal seasonal variation and multiplied by 12 to reflect annual levels. By removing seasonal ups and downs, seasonal adjustment allows for a comparison from one season to the next and from one month to the next. Reporting monthly figures at annual rates indicates the annual level of starts that would be obtained if the monthly pace was maintained for 12 months. This facilitates comparison of the current pace of activity to annual forecasts as well as to historical annual levels.

Additional data is available upon request.

(Ce document existe également en français)

To view the figure associated with this release, please visit the following link: http://media3.marketwire.com/docs/CMHCEN8.pdf.

Preliminary Housing Start Data
December 2012
Barrie, CMA1 December 2011 December 2012
Actual
December-Single-Detached 26 46
December-Multiples 8 19
December-Total 34 65
January to Dec-Single-Detached 354 474
January to December-Multiples 346 312
January to December-Total 700 786
November 2012 December2012
SAAR2
Total 709 783
Source: CMHC
1 Census Metropolitan Area
2 Seasonally Adjusted at Annual Rates
Detailed data available upon request.
Barrie Preliminary Actual Housing Start Data by Type
December 2012
Barrie, CMA1 Single Semi Row Apt
Total
2011 2012 2011 2012 2011 2012 2011 2012 2011 2012
List of Zones
Barrie C 9 15 0 6 8 13 0 0 17 34
Innisfil TP 13 27 0 0 0 0 0 0 13 27
Springwater TP 4 4 0 0 0 0 0 0 4 4
Total Barrie Starts 26 46 0 6 8 13 0 0 34 65
Barrie Preliminary Actual Housing Start Data by Type
Year to Date / 2011-2012
Barrie, CMA1 Single Semi Row Apt
Total
2011 2012 2011 2012 2011 2012 2011 2012 2011 2012
List of Zones
Barrie C 166 192 0 10 56 148 267 99 489 449
Innisfil TP 128 224 0 0 22 18 0 0 150 242
Springwater TP 60 58 1 0 0 13 0 24 61 95
Total Barrie Starts 354 474 1 10 78 179 267 123 700 786
1Census Metropolitan Area

Contact Information

Market Analysis Contact:
Abdellah Massaoudi
416-218-3461
amassaou@cmhc.ca

Media Contact:
Beth Bailey
416-218-3355 or Cell: 416-988-4615
Bbailey@cmhc.ca

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