Ottawa Business Journal - Real Estate - Residential

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Housing starts decline 1.1% in April

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Published on May 8, 2012; Published on May 8, 2012
OBJ Staff

Housing starts in Ottawa fell slightly to 441 in April, down 1.1 per cent from 446 in 2011.

Topics :: Canada Mortgage and Housing

Apartment-style housing increased nearly 600 per cent to 153 starts, according to the Canada Mortgage and Housing Corp., in stark contrast to other sectors of the housing market that saw fewer starts than last year.

Single homes were down 3.5 per cent to 167 starts, semi-detached houses were down nearly 31 per cent to 18 starts, and row houses fell more than 54 per cent to 103 starts.

The city core and Kanata saw the largest increases in starts, while declines were seen in Nepean, Cumberland, Gloucester, Goulbourn and Osgoode.

On a year-to-date basis, starts were ahead of last year by 2.1 per cent. The CMHC tracked 1,575 starts compared with 1,542 last year.

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