Toronto, January 9, 2013 - Housing starts in Toronto Census Metropolitan Area were trending At 48,100 units in December, according to Canada Mortgage and Housing Corporation. However, starts for both singles and multiples have been generally trending lower during The last few months," said Shaun Hildebrand, CMHC's Senior Market Analyst for Toronto.
"December capped off a robust 2012 for housing starts, which were influenced by condo pre-sales During 2011. CMHC uses the trend measure as a complement to the monthly SAAR of housing starts to account for considerable swings in monthly guesstimates and get a more complete image of the state of the housing market. Occasionally, analysing only SAAR info can be misleading in some markets, as they're principally driven by the multiples segment of the markets which can sometimes be quite variable from one Month to the next. The multiples segment includes apartments|flats|residences}, rows and semi-detached houses. Single detached starts added 976 tangible units while multiple starts totalled 3,291 tangible units in December 2012. Yearend total starts reached 48,105 precise units in 2012, which is before the 39,745 recorded for 2011.
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