Housing starts up in 2010 PDF Print E-mail

Housing starts were up significantly in Clarington in 2010, according to new figures from Canada Mortgage and Housing Corporation.

Preliminary year-end figures released by CMHC showed that during 2010 there were 612 housing starts in Clarington, up from 295 in 2009. That works out to a 107.5% increase.

Housing starts in December, 2010, totaled 36, up from 21 during the same time period last year, a 71.4% increase.

The figures revealed that a total of 1,888 homes were started in the Oshawa Census Metropolitan Area (CMA), which includes Clarington, in 2010, including 1,540 single-detached and 348 multiple-family homes (semi-detached, townhouses and apartments). All housing types, except for apartments, registered significant percentage increases.

"Thanks to a strong rebound for employment in the Oshawa area, along with record low borrowing costs and pent up demand accumulated during the economic downturn in 2009, Oshawa saw a much improved pace of new home construction in 2010," said Inna Breidburg, Market Analyst with CMHC' s Ontario Business Centre."Demand for new homes in Oshawa also benefited as buyers turned their attention to more affordable areas of the GTA ," added Breidburg.

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