Canada Mortgage and Housing Corporation
H o u s i n g M a r k e t I n f o r m a t i o n
Ontario residential construction
activity slowed for a fourth consecutive
quarter. Ontario all area home
starts declined to 55,670 units in the
first quarter of 2009, down nearly 18
per cent from just over 67,730 unit
starts in the previous quarter. Similarly,
home starts were off over 32
per cent from the same period one
year ago. With the exception of semi
detached homes, all home types
posted declines from this time last
year. The sharpest declines were
registered in the single detached
home segment. Multi-family home
construction, which includes semis,
townhome and apartment units,
faired slightly better. Some communities
faired better than others.
Date Released: Second Quarter 2009
Housing NOW
Ontario Region
Table of Contents
Figure 1
0
10
20
30
40
50
60
70
80
90
100
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
Source: CMHC
1 New Home Market
Ontario Home Starts Slow in
First Quarter
2 Resale Home Market
Ontario Resale Volumes Stabilize
in the First Quarter
3 Economic & Demographic
Migratory Pull to the West
Continues in Fourth Quarter
4 TablesOntario Region - Date Released: Second Quarter 2009
Housing Now -
Canada Mortgage and Housing Corporation 2
Ottawa, Kingston and Hamilton saw
milder declines vis-à-vis provincial
averages while Oshawa, St.
Catharines-Niagara and Greater
Sudbury saw above-average declines
in construction activity from this
time last year. Thunder Bay was the
only urban centre posting increases
from the same period one year ago.
Ontario's residential construction
industry faces further headwinds as
pressure on corporate profits, a
slowing job market combined with
rising inventories will temper new
home construction.
Preliminary data suggests that the
share of single detached construction
continued to slow during the first
quarter, reaching 25 per cent of all
new home construction in the province
of Ontario. The share of single
detached home construction dropped
to 41 per cent in 2008, its lowest level
since 1978. History has shown that
this housing segment is most sensitive
during periods of slowing economic
growth. More cautious consumer
spending, in light of slowing labour
market conditions, has triggered less
demand for big ticket items - dampening
spending for more expensive
single-detached housing. Moreover,
rising standing inventories of unsold
homes has also dampened construction
of single-detached homes.
A backlog of apartment sales in prior
years converted into starts and
created tailwinds for the Ontario
residential construction industry in
2008. However, that backlog is being
trimmed and as demand continues
to slow and inventories continue to
build fewer new projects are being
launched resulting in fewer projects
breaking ground. Consequently,
a sluggish labour market and tight
credit conditions tempered increases
in home sales. Pent-up
demand has also been eroding in
recent years thanks, in large part, to
more buyers committing to a home
purchase in light of stimulative
economic and mortgage market
conditions.
For a third consecutive quarter, Ontario
new home listings moved lower.
Weaker price pressures combined
with slowing home equity continues to
weigh on home listings. The sharp
deceleration in sales and home prices in
the fourth quarter caused asking and
final sale prices to diverge. Vendors
pulled homes off the market hoping for
better days ahead. Consequently, the
gap between sales and listings widened
in the first quarter. Ontario's sales-tonew-
listings ratio, a leading indicator of
growth in future home prices moved
higher. Seasonally adjusted Ontario
home prices did edge up in February
and March for the first time since
November.
As of March 2009, Thunder Bay, Hamilton
and Ottawa boast the hottest
resale markets relative to Ontario
averages with existing home prices
holding up better than average. Thunder
Bay continues to experience tighter
than average listings, while Hamilton
traditionally benefits from more affordable
housing options and shorter
commute times to the more expensive
GTA market. Alternatively, Sudbury
and Windsor represent the coolest
resale markets across the province as
slowing business investments in the
mining and automotive industries
respectively dampened employment
growth and housing demand.
apartments may not provide a
demand cushion for the residential
construction market as they have in
previous years. Furthermore, tighter
credit terms are not only tempering
the amount of financing available to
consumers but builders as well.
Declining new home demand has
dampened inflationary pressures in
the new home market. Single detached
home prices grew at a slower
rate relative to price growth in the
final quarter of 2008. Similarly, the
Ontario new home price index
which captures price changes of
constant quality homes grew at a
rate significantly below inflation
during the first months of this year.
This combined with further increases
in lower density construction
costs continued to dampen
earnings in the housing industry and
is another factor weighing on new
home construction.
Ontario existing home sales moved
significantly lower in the final quarter
of 2008 as the onset of the global
financial crisis took a toll on consumer
spending. While Ontario
existing home sales slowed during
the first quarter of this year, sales
moved higher and closer to trend in
February and March. Improved
affordability encouraged higher
resale market traffic during the final
months of the first quarter, however
Canada Mortgage and Housing Corporation 3
As was widely expected, Ontario's
economy entered the new year on a
low - contracting by an estimated 5.6
per cent on an annualized basis in the
fourth quarter of 2008. This rate of
decline was faster than the Canadian
average and for the first time since
the early 90s, service producing
industries contracted as well. Preliminary
data suggests that the provincial
economy remained under pressure
during the first quarter. Manufacturing
shipments and exports of key
lumber and automotive products
continued to slow given slowing
global demand. Residential construction
investment also weakened thanks
to slowing new home construction
and cooler renovation spending. But
the slowdown was not only isolated
to the goods sector as Ontario
service producing industries began to
buckle in the first quarter. The source
mand. As headline inflation decelerated
in both the US and Canada, central
banks continued to cut interest rates.
Overnight central bank rates in Canada
moved to .50 per cent in the first
quarter from 1.50 per cent in the
fourth quarter of last year. The cost of
funds for chartered banks moved
lower enabling banks to pass these
savings onto consumers by cutting
prime rates. Variable rate mortgages tied
to prime also declined. However, while
five year discounted mortgage rates
moved lower, they have not entirely
matched decreases in long-term bond
yields - indicating that banks continue
to price in some potential risk associated
with a slowing economy and its
impact on credit quality.
The story of a migratory pull to
western Canada continued during the
fourth quarter of 2008 - the latest
quarterly data available. Stronger
energy based economies and ample
job prospects in Western Canada have
attracted migrants from Ontario in
recent years. However, this migratory
pull will likely subside as western
Canadian economies have not been
immune to the slowing global
economy and subsequent slowing
demand for commodities. Indeed,
western Canada's jobless rates have
moved up sharply in the last quarter.
On the international front and as of
the fourth quarter, international
migration into Ontario has also slowed
as Ontario's share and volume of new
international migrants remains below
historical averages.
of this weakness stems from consumer
behavior. Consumer spending,
as evidenced by retail sales activity,
continued to cool as consumers
remained increasingly cautious given
rising consumer bankruptcies and
fewer job prospects.
Employment growth and the cost of
borrowing are two key ingredients
feeding into housing demand. Slowing
Ontario output and productivity
growth led to job shedding in the
fourth and first quarters of this year.
This represents the third consecutive
quarterly decline in employment and
has pushed the Ontario jobless rate to
its highest level in the past decade.
Approximately 85 per cent of job cuts
continue to be in the full time sector.
While employment in the goods sector
has led the declines, job shedding has
now spread to wholesale trade, construction
and finance sectors.
On the interest rate front, inflationary
pressures continued to subside during
the first quarter due to a weaker global
economy and slowing domestic de-
-3
-2
-1
0
1
2
3
4
5
6
1990 1992 1994 1996 1998 2000 2002 2004 2006 2008
Source: Statistics Canada
Figure 2
Canada Mortgage and Housing Corporation 4
HOUSING NOW REPORT TABLES
1 Housing Activity Summary of Region
2 Starts by Submarket and by Dwelling Type - Current Quarter
2.1 Starts by Submarket and by Dwelling Type - Year-to-Date
3 Completions by Submarket and by Dwelling Type - Current Quarter
3.1 Completions by Submarket and by Dwelling Type - Year-to-Date
4 Absorbed Single-Detached Units by Price Range
5 MLS® Residential Activity
6 Economic Indicators
1.2 History of Housing Activity (once a year)
2.2 Starts by Submarket, by Dwelling Type and by Intended Market - Current Quarter
2.3 Starts by Submarket, by Dwelling Type and by Intended Market - Year-to-Date
2.4 Starts by Submarket and by Intended Market - Current Quarter
2.5 Starts by Submarket and by Intended Market - Year-to-Date
3.2 Completions by Submarket, by Dwelling Type and by Intended Market - Current Quarter
3.3 Completions by Submarket, by Dwelling Type and by Intended Market - Year-to-Date
3.4 Completions by Submarket and by Intended Market - Current Quarter
3.5 Completions by Submarket and by Intended Market - Year-to-Date
n/a Not applicable
* Totals may not add up due to co-operatives and unknown market types
** Percent change > 200%
- Nil
-- Amount too small to be expressed
SA Monthly figures are adjusted to remove normal seasonal variation
Canada Mortgage and Housing Corporation 5
Single Semi
Row,
Apt. &
Other
Single
Row and
Semi
Apt. &
Other
Single,
Semi, and
Row
Apt. &
Other
Q1 2009 2,386 507 814 40 404 4,217 42 808 257 9,475
Q1 2008 5,048 480 1,163 26 700 5,296 14 912 275 13,914
% Change -52.7 5.6 -30.0 53.8 -42.3 -20.4 200.0 -11.4 -6.5 -31.9
Year-to-date 2009 2,386 507 814 40 404 4,217 42 808 257 9,475
Year-to-date 2008 5,048 480 1,163 26 700 5,296 14 912 275 13,914
% Change -52.7 5.6 -30.0 53.8 -42.3 -20.4 200.0 -11.4 -6.5 -31.9
Q1 2009 12,028 2,155 5,091 132 3,266 41,074 136 4,513 1,702 70,097
Q1 2008 17,364 2,146 5,780 83 2,594 31,857 90 5,150 1,384 66,452
% Change -30.7 0.4 -11.9 59.0 25.9 28.9 51.1 -12.4 23.0 5.5
Q1 2009 5,581 713 1,467 51 506 3,655 36 534 590 13,133
Q1 2008 6,692 630 1,491 32 418 3,945 42 1,015 591 14,856
% Change -16.6 13.2 -1.6 59.4 21.1 -7.4 -14.3 -47.4 -0.2 -11.6
Year-to-date 2009 5,581 713 1,467 51 506 3,655 36 534 590 13,133
Year-to-date 2008 6,692 630 1,491 32 418 3,945 42 1,015 591 14,856
% Change -16.6 13.2 -1.6 59.4 21.1 -7.4 -14.3 -47.4 -0.2 -11.6
Q1 2009 1,593 181 423 44 286 738 39 435 n/a 3,739
Q1 2008 1,489 146 389 39 226 893 43 790 n/a 4,015
% Change 7.0 24.0 8.7 12.8 26.5 -17.4 -9.3 -44.9 n/a -6.9
Q1 2009 5,003 659 1,293 44 506 3,580 3 506 n/a 11,594
Q1 2008 5,869 590 1,501 28 438 3,773 30 721 n/a 12,950
% Change -14.8 11.7 -13.9 57.1 15.5 -5.1 -90.0 -29.8 n/a -10.5
Year-to-date 2009 5,003 659 1,293 44 506 3,580 3 506 n/a 11,594
Year-to-date 2008 5,869 590 1,501 28 438 3,773 30 721 n/a 12,950
% Change -14.8 11.7 -13.9 57.1 15.5 -5.1 -90.0 -29.8 n/a -10.5
Source: CMHC (Starts and Completions Survey, M arket Absorption Survey)
Rural
Centres
Total*
Rental
Urban Centres
Ownership
Freehold Condominium
Canada Mortgage and Housing Corporation 6
Single Semi
Row,
Apt. &
Other
Single
Row and
Semi
Apt. &
Other
Single,
Semi, and
Row
Apt. &
Other
2008 28,109 3,213 7,291 209 3,648 25,586 179 3,688 3,153 75,076
% Change -15.3 -18.4 -14.1 44.1 30.8 128.0 32.6 29.0 -41.0 10.2
2007 33,198 3,936 8,492 145 2,789 11,221 135 2,859 5,348 68,123
% Change 0.2 -2.4 11.0 -21.6 -10.7 -27.7 -43.3 -26.6 -5.1 -7.2
2006 33,132 4,034 7,650 185 3,123 15,514 238 3,895 5,636 73,417
% Change -9.2 -10.8 -9.0 -20.6 -8.7 -4.1 -62.8 21.6 0.3 -6.8
2005 36,475 4,520 8,405 233 3,420 16,183 640 3,203 5,618 78,795
% Change -16.8 -9.2 -4.3 14.8 -0.1 7.7 6.5 6.0 7.6 -7.4
2004 43,845 4,976 8,786 203 3,424 15,031 601 3,023 5,220 85,114
% Change 0.9 -20.5 -4.8 25.3 45.0 5.0 10.5 -28.5 22.9 -0.1
2003 43,449 6,262 9,227 162 2,361 14,314 544 4,226 4,247 85,180
% Change -7.6 -7.8 8.9 -6.9 -14.5 38.9 -9.3 28.6 6.7 1.9
2002 47,034 6,795 8,476 174 2,762 10,308 600 3,286 3,982 83,597
% Change 28.6 -2.0 21.5 7.4 -3.0 -25.3 38.2 43.9 31.9 14.1
2001 36,568 6,931 6,975 162 2,846 13,807 434 2,283 3,020 73,282
% Change -0.9 -2.3 -12.4 22.7 7.2 31.2 73.6 27.2 -26.3 2.5
2000 36,911 7,095 7,960 132 2,656 10,520 250 1,795 4,098 71,521
% Change 5.2 12.9 15.6 0.0 -22.5 7.8 -3.5 68.7 -4.9 6.4
1999 35,077 6,282 6,887 132 3,429 9,755 259 1,064 4,310 67,235
Source: CM HC (Starts and Completions Survey)
Total*
Rural
Centres
Rental
Urban Centres
Ownership
Freehold Condominium
Canada Mortgage and Housing Corporation 7
Q1 2009 Q1 2008 Q1 2009 Q1 2008 Q1 2009 Q1 2008 Q1 2009 Q1 2008 Q1 2009 Q1 2008
%
Change
Barrie 38 208 0 0 0 12 0 0 38 220 -82.7
Brantford 69 37 2 2 0 11 0 21 71 71 0.0
Greater Sudbury 8 26 0 2 0 4 8 0 16 32 -50.0
Guelph 30 89 4 4 39 20 0 102 73 215 -66.0
Hamilton 108 349 8 6 101 161 172 49 389 565 -31.2
Kingston 29 36 0 4 4 9 0 0 33 49 -32.7
Kitchener 184 279 6 26 128 73 23 62 341 440 -22.5
London 94 277 2 12 3 73 206 155 305 517 -41.0
Oshawa 68 264 0 2 0 49 0 27 68 342 -80.1
Ottawa 303 419 35 14 224 348 347 389 909 1,170 -22.3
Peterborough 14 21 0 0 10 11 0 0 24 32 -25.0
St. Catharines-Niagara 52 116 4 10 67 58 0 75 123 259 -52.5
Thunder Bay 5 3 2 0 4 0 0 0 11 3 **
Toronto 1,118 2,507 430 374 574 948 3,782 5,116 5,904 8,945 -34.0
Windsor 20 29 2 4 13 6 0 0 35 39 -10.3
Belleville 12 26 0 0 13 7 125 3 150 36 **
Chatham-Kent 2 13 0 0 0 0 0 0 2 13 -84.6
Cornwall 9 11 0 2 0 0 0 0 9 13 -30.8
Kawartha Lakes 14 23 2 2 0 17 0 0 16 42 -61.9
Norfolk 7 15 2 2 14 4 0 0 23 21 9.5
North Bay 1 2 0 0 0 0 0 0 1 2 -50.0
Sarnia 20 36 0 0 0 6 0 0 20 42 -52.4
Sault Ste. Marie 9 3 0 0 0 0 0 0 9 3 200.0
Single Semi Row Apt. & Other Total
Canada Mortgage and Housing Corporation 8
Q1 2009 Q1 2008 Q1 2009 Q1 2008 Q1 2009 Q1 2008 Q1 2009 Q1 2008 Q1 2009 Q1 2008 % Change
Bracebridge 1 8 0 2 0 0 0 0 1 10 -90.0
Brighton MU 2 1 0 n/a 0 n/a 0 n/a 2 1 100.0
Brock Tp 1 n/a 0 n/a 0 n/a 0 n/a 1 n/a n/a
Brockville 4 1 0 0 0 0 0 0 4 1 **
Centre Wellington 1 1 0 0 0 0 0 0 1 1 0.0
Cobourg 18 7 0 0 0 5 0 16 18 28 -35.7
Collingwood 20 24 0 10 4 4 0 0 24 38 -36.8
Elliot Lake 0 2 0 0 0 0 0 0 0 2 -100.0
Erin 0 3 0 0 0 0 0 0 0 3 -100.0
Essex T 2 1 0 n/a 0 n/a 0 n/a 2 1 100.0
Gravenhurst 2 8 0 0 0 0 0 36 2 44 -95.5
Greater Napanee 2 2 0 0 0 0 0 0 2 2 0.0
Haldimand County CY 10 14 0 0 0 0 0 0 10 14 -28.6
Hunstville 22 3 0 0 13 8 105 28 140 39 **
Ingersoll 3 3 0 0 10 0 0 0 13 3 **
Kenora 0 1 0 0 0 0 0 0 0 1 -100.0
Kincardine MU 3 3 0 n/a 0 n/a 0 n/a 3 3 0.0
Lambton Shores 0 0 0 0 0 0 0 0 0 0 n/a
Leamington 4 6 4 4 0 0 2 0 10 10 0.0
Meaford 0 10 0 0 0 0 0 0 0 10 -100.0
Midland 9 29 2 0 0 0 0 53 11 82 -86.6
Mississippi Mills 5 4 0 2 5 6 0 0 10 12 -16.7
North Grenville MU 7 21 0 n/a 0 n/a 0 n/a 7 21 -66.7
North Perth 3 1 0 0 0 0 0 0 3 1 200.0
Orillia 11 21 0 2 6 0 0 60 17 83 -79.5
Owen Sound 2 5 0 0 0 0 0 7 2 12 -83.3
Petawawa 7 5 0 0 0 8 0 0 7 13 -46.2
Port Hope 0 2 0 0 0 0 0 0 0 2 -100.0
Prince Edward County 10 8 0 0 0 0 0 0 10 8 25.0
Saugeen Shores 7 24 0 0 14 14 0 0 21 38 -44.7
Scugog Tp 1 3 0 n/a 0 n/a 100 n/a 101 3 **
Stratford 4 10 0 0 0 0 153 0 157 10 **
Temiskaming Shores 0 0 0 0 0 0 0 0 0 0 n/a
The Nation M 4 9 0 2 0 n/a 0 n/a 4 11 -63.6
Tillsonburg 2 10 0 0 0 0 2 0 4 10 -60.0
Timmins 0 0 0 0 0 0 0 0 0 0 n/a
Trent Hills 1 3 0 0 0 0 0 0 1 3 -66.7
Wasaga Beach 24 21 0 0 12 0 0 0 36 21 71.4
We st Grey MU 3 1 0 0 0 0 0 0 3 1 200.0
West Nipissing 6 1 0 0 0 0 0 0 6 1 **
Woodstock 11 13 2 0 0 0 0 11 13 24 -45.8
Source: CMHC (Starts and Completions Survey)
Single Semi Row Apt. & Other Total
Canada Mortgage and Housing Corporation 9
Q1 2009 Q1 2008 Q1 2009 Q1 2008 Q1 2009 Q1 2008 Q1 2009 Q1 2008
Barrie 0 12 0 0 0 0 0 0
Brantford 0 11 0 0 0 21 0 0
Greater Sudbury 0 4 0 0 0 0 8 0
Guelph 39 20 0 0 0 102 0 0
Hamilton 101 161 0 0 90 49 82 0
Kingston 4 9 0 0 0 0 0 0
Kitchener 128 69 0 4 4 0 19 62
London 3 70 0 3 0 2 206 153
Oshawa 0 49 0 0 0 0 0 27
Ottawa 221 348 3 0 347 389 0 0
Peterborough 0 11 10 0 0 0 0 0
St. Catharines-Niagara 67 58 0 0 0 72 0 3
Thunder Bay 0 0 4 0 0 0 0 0
Toronto 574 948 0 0 3,772 4,546 10 570
Windsor 13 6 0 0 0 0 0 0
Belleville 13 7 0 0 0 0 125 3
Chatham-Kent 0 0 0 0 0 0 0 0
Cornwall 0 0 0 0 0 0 0 0
Kawartha Lakes 0 17 0 0 0 0 0 0
Norfolk 14 4 0 0 0 0 0 0
North Bay 0 0 0 0 0 0 0 0
Sarnia 0 6 0 0 0 0 0 0
Sault Ste. Marie 0 0 0 0 0 0 0 0
Source: CMHC (Starts and Completions Survey)
Row Apt. & Other
Freehold and
Condominium
Rental Freehold and
Condominium
Rental
Canada Mortgage and Housing Corporation 10
Q1 2009 Q1 2008 Q1 2009 Q1 2008 Q1 2009 Q1 2008 Q1 2009 Q1 2008
Bracebridge 0 0 0 0 0 0 0 0
Brighton MU 0 n/a 0 n/a 0 n/a 0 n/a
Brock Tp 0 n/a 0 n/a 0 n/a 0 n/a
Brockville 0 0 0 0 0 0 0 0
Centre Wellington 0 0 0 0 0 0 0 0
Cobourg 0 5 0 0 0 0 0 16
Collingwood 4 4 0 0 0 0 0 0
Elliot Lake 0 0 0 0 0 0 0 0
Erin 0 0 0 0 0 0 0 0
Essex T 0 n/a 0 n/a 0 n/a 0 n/a
Gravenhurst 0 0 0 0 0 36 0 0
Greater Napanee 0 0 0 0 0 0 0 0
Haldimand County CY 0 0 0 0 0 0 0 0
Hunstville 0 8 13 0 4 28 101 0
Ingersoll 0 0 10 0 0 0 0 0
Kenora 0 0 0 0 0 0 0 0
Kincardine MU 0 n/a 0 n/a 0 n/a 0 n/a
Lambton Shores 0 0 0 0 0 0 0 0
Leamington 0 0 0 0 0 0 2 0
Meaford 0 0 0 0 0 0 0 0
Midland 0 0 0 0 0 53 0 0
Mississippi Mills 5 6 0 0 0 0 0 0
North Grenville MU 0 n/a 0 n/a 0 n/a 0 n/a
North Perth 0 0 0 0 0 0 0 0
Orillia 6 0 0 0 0 0 0 60
Owen Sound 0 0 0 0 0 0 0 7
Petawawa 0 8 0 0 0 0 0 0
Port Hope 0 0 0 0 0 0 0 0
Prin ce Edward County 0 0 0 0 0 0 0 0
Saugeen Shores 14 14 0 0 0 0 0 0
Scugog Tp 0 n/a 0 n/a 0 n/a 100 n/a
Stratford 0 0 0 0 0 0 153 0
Temiskaming Shores 0 0 0 0 0 0 0 0
The Nation M 0 n/a 0 n/a 0 n/a 0 n/a
Tillsonburg 0 0 0 0 0 0 2 0
Timmins 0 0 0 0 0 0 0 0
Trent Hills 0 0 0 0 0 0 0 0
Wasaga Beach 12 0 0 0 0 0 0 0
West Grey MU 0 0 0 0 0 0 0 0
West Nipissing 0 0 0 0 0 0 0 0
Woodstock 0 0 0 0 0 0 0 11
Source: CMHC (Starts and Completions Survey)
Row Apt. & Other
Freehold and
Condominium
Rental Freehold and
Condominium
Rental
Canada Mortgage and Housing Corporation 11
Q1 2009 Q1 2008 Q1 2009 Q1 2008 Q1 2009 Q1 2008 Q1 2009 Q1 2008
Barrie 38 220 0 0 0 0 38 220
Brantford 71 45 0 26 0 0 71 71
Greater Sudbury 8 32 0 0 8 0 16 32
Guelph 73 100 0 115 0 0 73 215
Hamilton 146 398 161 167 82 0 389 565
Kingston 33 49 0 0 0 0 33 49
Kitchener 266 362 56 12 19 66 341 440
London 89 261 10 95 206 161 305 517
Oshawa 68 274 0 41 0 27 68 342
Ottawa 559 771 347 399 3 0 909 1,170
Peterborough 14 21 0 11 10 0 24 32
St. Catharines-Niagara 98 163 25 93 0 3 123 259
Thunder Bay 7 3 0 0 4 0 11 3
Toronto 1,877 3,450 4,017 4,925 10 570 5,904 8,945
Windsor 22 34 13 5 0 0 35 39
Belleville 25 33 0 0 125 3 150 36
Chatham-Kent 2 13 0 0 0 0 2 13
Cornwall 9 13 0 0 0 0 9 13
Kawartha Lakes 14 30 0 12 2 0 16 42
Norfolk 13 17 10 4 0 0 23 21
North Bay 1 2 0 0 0 0 1 2
Sarnia 20 42 0 0 0 0 20 42
Sault Ste. Marie 9 3 0 0 0 0 9 3
Freehold Condominium Rental Total*
Canada Mortgage and Housing Corporation 12
Q1 2009 Q1 2008 Q1 2009 Q1 2008 Q1 2009 Q1 2008 Q1 2009 Q1 2008
Bracebridge 1 10 0 0 0 0 1 10
Brighton MU 2 1 0 n/a 0 n/a 2 1
Brock Tp 1 n/a 0 n/a 0 n/a 1 n/a
Brockville 4 1 0 0 0 0 4 1
Centre Wellington 1 1 0 0 0 0 1 1
Cobourg 18 12 0 0 0 16 18 28
Collingwood 24 38 0 0 0 0 24 38
Elliot Lake 0 2 0 0 0 0 0 2
Erin 0 3 0 0 0 0 0 3
Essex T 2 1 0 n/a 0 n/a 2 1
Gravenhurst 2 8 0 36 0 0 2 44
Greater Napanee 2 2 0 0 0 0 2 2
Haldimand County CY 10 14 0 0 0 0 10 14
Hunstville 22 11 4 28 114 0 140 39
Ingersoll 3 3 0 0 10 0 13 3
Kenora 0 1 0 0 0 0 0 1
Kincardine MU 3 3 0 n/a 0 n/a 3 3
Lambton Shores 0 0 0 0 0 0 0 0
Leamington 8 10 0 0 2 0 10 10
Meaford 0 10 0 0 0 0 0 10
Midland 11 29 0 53 0 0 11 82
Mississippi Mills 10 12 0 0 0 0 10 12
North Grenville MU 7 21 0 n/a 0 n/a 7 21
North Perth 3 1 0 0 0 0 3 1
Orillia 17 21 0 0 0 62 17 83
Owen Sound 2 5 0 0 0 7 2 12
Petawawa 7 13 0 0 0 0 7 13
Port Hope 0 2 0 0 0 0 0 2
Prince Edward County 10 8 0 0 0 0 10 8
Saugeen Shores 21 38 0 0 0 0 21 38
Scugog Tp 1 3 0 n/a 100 n/a 101 3
Stratford 4 10 0 0 153 0 157 10
Temiskaming Shores 0 0 0 0 0 0 0 0
The Nation M 4 11 0 n/a 0 n/a 4 11
Tillsonburg 2 10 0 0 2 0 4 10
Timmins 0 0 0 0 0 0 0 0
Trent Hills 1 3 0 0 0 0 1 3
Wasaga Beach 18 21 18 0 0 0 36 21
West Grey MU 3 1 0 0 0 0 3 1
West Nipissing 6 1 0 0 0 0 6 1
Woodstock 13 13 0 0 0 11 13 24
Source: CMHC (Starts and Completions Survey)
Freehold Condominium Rental Total*
Canada Mortgage and Housing Corporation 13
Q1 2009 Q1 2008 Q1 2009 Q1 2008 Q1 2009 Q1 2008 Q1 2009 Q1 2008 Q1 2009 Q1 2008
%
Change
Barrie 96 165 2 4 26 31 40 0 164 200 -18.0
Brantford 56 111 0 2 29 14 0 0 85 127 -33.1
Greater Sudbury 73 84 6 2 0 0 4 8 83 94 -11.7
Guelph 73 106 4 18 36 38 55 34 168 196 -14.3
Hamilton 298 344 12 22 186 227 0 10 496 603 -17.7
Kingston 124 120 12 6 3 14 0 49 139 189 -26.5
Kitchener 307 247 18 44 152 88 84 91 561 470 19.4
London 192 364 0 0 44 91 129 274 365 729 -49.9
Oshawa 281 337 2 2 66 28 0 36 349 403 -13.4
Ottawa 606 613 51 58 377 239 276 252 1,310 1,162 12.7
Peterborough 64 61 0 0 8 11 0 0 72 72 0.0
St. Catharines-Niagara 135 166 16 22 46 36 3 9 200 233 -14.2
Thunder Bay 19 52 2 2 0 0 0 0 21 54 -61.1
Toronto 2,399 2,853 526 388 902 989 3,393 3,995 7,220 8,225 -12.2
Windsor 55 70 6 14 12 3 0 0 73 87 -16.1
Belleville 51 56 0 4 3 0 0 0 54 60 -10.0
Chatham-Kent 19 23 4 4 0 7 0 0 23 34 -32.4
Cornwall 17 28 10 0 0 0 0 0 27 28 -3.6
Kawartha Lakes 73 55 6 0 6 5 0 0 85 60 41.7
Norfolk 47 44 8 6 0 0 0 0 55 50 10.0
North Bay 33 23 0 0 0 0 0 126 33 149 -77.9
Sarnia 35 49 0 0 8 0 0 0 43 49 -12.2
Sault Ste. Marie 32 33 0 4 0 0 0 0 32 37 -13.5
Source: CMHC (Starts and Completions Survey)
Single Semi Row Apt. & Other Total
Canada Mortgage and Housing Corporation 14
Q1 2009 Q1 2008 Q1 2009 Q1 2008 Q1 2009 Q1 2008 Q1 2009 Q1 2008 Q1 2009 Q1 2008
%
Change
Bracebridge 14 27 0 2 0 0 0 0 14 29 -51.7
Brighton MU 20 47 4 4 0 n/a 0 n/a 24 51 -52.9
Brock Tp 11 n/a 0 n/a 8 n/a 0 n/a 19 n/a n/a
Brockville 7 5 0 0 0 0 0 0 7 5 40.0
Centre Wellington 10 14 0 0 0 0 0 0 10 14 -28.6
Cobourg 16 10 0 0 16 12 67 0 99 22 **
Collingwood 24 54 10 4 8 16 0 0 42 74 -43.2
Elliot Lake 0 2 0 0 0 0 0 0 0 2 -100.0
Erin 1 7 0 0 0 0 0 0 1 7 -85.7
Essex T 9 16 0 n/a 8 n/a 0 n/a 17 16 6.3
Gravenhurst 16 11 0 0 0 0 36 0 52 11 **
Greater Napanee 4 8 4 0 0 0 0 0 8 8 0.0
Haldimand County CY 21 14 0 0 0 0 0 0 21 14 50.0
Hunstville 16 21 0 2 5 4 105 0 126 27 **
Ingersoll 6 8 0 0 0 0 0 0 6 8 -25.0
Kenora 2 4 0 0 0 0 0 0 2 4 -50.0
Kincardine MU 2 11 0 n/a 0 n/a 0 n/a 2 11 -81.8
Lambton Shores 1 4 0 0 0 0 0 0 1 4 -75.0
Leamington 15 33 2 4 0 0 0 0 17 37 -54.1
Meaford 5 18 0 0 0 0 0 0 5 18 -72.2
Midland 32 26 2 2 0 15 0 0 34 43 -20.9
Mississippi Mills 19 9 2 0 0 0 0 0 21 9 133.3
North Grenville MU 21 48 0 10 0 n/a 0 n/a 21 58 -63.8
North Perth 7 11 0 4 0 0 0 0 7 15 -53.3
Orillia 15 16 0 2 34 41 0 72 49 131 -62.6
Owen Sound 7 16 2 0 0 0 0 0 9 16 -43.8
Petawawa 14 21 0 0 4 0 0 0 18 21 -14.3
Port Hope 4 6 0 0 0 0 0 0 4 6 -33.3
Prince Edward County 19 19 0 0 3 0 0 0 22 19 15.8
Saugeen Shores 12 30 2 0 0 0 0 0 14 30 -53.3
Scugog Tp 1 11 0 n/a 0 n/a 0 n/a 1 11 -90.9
Stratford 12 19 0 2 7 13 0 4 19 38 -50.0
Temiskaming Shores 4 9 0 0 0 0 0 0 4 9 -55.6
The Nation M 25 n/a 0 n/a 0 n/a 0 n/a 25 n/a n/a
Tillsonburg 13 19 0 0 0 0 0 0 13 19 -31.6
Timmins 10 11 0 0 0 0 0 0 10 11 -9.1
Trent Hills 15 12 0 0 0 0 0 6 15 18 -16.7
Wasaga Beach 53 65 0 0 0 0 0 0 53 65 -18.5
We st Grey MU 9 1 0 0 0 0 0 0 9 1 **
West Nipissing 20 12 0 0 0 0 0 0 20 12 66.7
Woodstock 27 31 0 2 0 0 0 0 27 33 -18.2
Source: CM HC (Starts and Completions Survey)
Single Semi Row Apt. & Other Total
Canada Mortgage and Housing Corporation 15
Q1 2009 Q1 2008 Q1 2009 Q1 2008 Q1 2009 Q1 2008 Q1 2009 Q1 2008
Barrie 26 31 0 0 40 0 0 0
Brantford 29 14 0 0 0 0 0 0
Greater Sudbury 0 0 0 0 0 4 4 4
Guelph 36 38 0 0 55 34 0 0
Hamilton 186 227 0 0 0 0 0 10
Kingston 0 11 3 3 0 0 0 49
Kitchener 152 88 0 0 0 2 84 89
London 25 87 19 4 0 194 129 80
Oshawa 66 28 0 0 0 36 0 0
Ottawa 377 239 0 0 207 222 69 30
Peterborough 8 11 0 0 0 0 0 0
St. Catharines-Niagara 46 36 0 0 3 0 0 9
Thunder Bay 0 0 0 0 0 0 0 0
Toronto 902 989 0 0 3,246 3,413 147 582
Windsor 12 3 0 0 0 0 0 0
Belleville 3 0 0 0 0 0 0 0
Chatham-Kent 0 7 0 0 0 0 0 0
Cornwall 0 0 0 0 0 0 0 0
Kawartha Lakes 0 5 6 0 0 0 0 0
Norfolk 0 0 0 0 0 0 0 0
North Bay 0 0 0 0 0 46 0 80
Sarnia 8 0 0 0 0 0 0 0
Sault Ste. Marie 0 0 0 0 0 0 0 0
Source: CMHC (Starts and Completions Survey)
Row Apt. & Other
Freehold and
Condominium
Rental
Freehold and
Condominium
Rental
Canada Mortgage and Housing Corporation 16
Q1 2009 Q1 2008 Q1 2009 Q1 2008 Q1 2009 Q1 2008 Q1 2009 Q1 2008
Bracebridge 0 0 0 0 0 0 0 0
Brighton MU 0 n/a 0 n/a 0 n/a 0 n/a
Brock Tp 8 n/a 0 n/a 0 n/a 0 n/a
Brockville 0 0 0 0 0 0 0 0
Centre Wellington 0 0 0 0 0 0 0 0
Cobourg 16 12 0 0 67 0 0 0
Collingwood 8 4 0 12 0 0 0 0
Elliot Lake 0 0 0 0 0 0 0 0
Erin 0 0 0 0 0 0 0 0
Essex T 8 n/a 0 n/a 0 n/a 0 n/a
Gravenhurst 0 0 0 0 36 0 0 0
Greater Napanee 0 0 0 0 0 0 0 0
Haldimand County CY 0 0 0 0 0 0 0 0
Hunstville 0 4 5 0 4 0 101 0
Ingersoll 0 0 0 0 0 0 0 0
Kenora 0 0 0 0 0 0 0 0
Kincardine MU 0 n/a 0 n/a 0 n/a 0 n/a
Lambton Shores 0 0 0 0 0 0 0 0
Leamington 0 0 0 0 0 0 0 0
Meaford 0 0 0 0 0 0 0 0
Midland 0 15 0 0 0 0 0 0
Mississippi Mills 0 0 0 0 0 0 0 0
North Grenville MU 0 n/a 0 n/a 0 n/a 0 n/a
North Perth 0 0 0 0 0 0 0 0
Orillia 34 31 0 10 0 0 0 72
Owen Sound 0 0 0 0 0 0 0 0
Petawawa 4 0 0 0 0 0 0 0
Port Hope 0 0 0 0 0 0 0 0
Prin ce Edward County 3 0 0 0 0 0 0 0
Saugeen Shores 0 0 0 0 0 0 0 0
Scugog Tp 0 n/a 0 n/a 0 n/a 0 n/a
Stratford 7 13 0 0 0 0 0 4
Temiskaming Shores 0 0 0 0 0 0 0 0
T he Nation M 0 n/a 0 n/a 0 n/a 0 n/a
Tillsonburg 0 0 0 0 0 0 0 0
Timmins 0 0 0 0 0 0 0 0
Trent Hills 0 0 0 0 0 0 0 6
Wasaga Beach 0 0 0 0 0 0 0 0
West Grey MU 0 0 0 0 0 0 0 0
West Nipissing 0 0 0 0 0 0 0 0
Woodstock 0 0 0 0 0 0 0 0
Source: CMHC (Starts and Completions Survey)
Row Apt. & Other
Freehold and
Condominium
Rental
Freehold and
Condominium
Rental
Canada Mortgage and Housing Corporation 17
Q1 2009 Q1 2008 Q1 2009 Q1 2008 Q1 2009 Q1 2008 Q1 2009 Q1 2008
Barrie 124 195 40 5 0 0 164 200
Brantford 69 116 16 11 0 0 85 127
Greater Sudbury 79 90 0 0 4 4 83 94
Guelph 108 162 60 34 0 0 168 196
Hamilton 438 514 58 79 0 10 496 603
Kingston 136 137 0 0 3 52 139 189
Kitchener 423 373 54 8 84 89 561 470
London 162 361 53 282 150 86 365 729
Oshawa 326 364 23 39 0 0 349 403
Ottawa 1,034 893 207 237 69 32 1,310 1,162
Peterborough 72 69 0 3 0 0 72 72
St. Catharines-Niagara 179 214 20 3 1 16 200 233
Thunder Bay 21 54 0 0 0 0 21 54
Toronto 3,524 4,011 3,549 3,632 147 582 7,220 8,225
Windsor 59 84 14 3 0 0 73 87
Belleville 54 60 0 0 0 0 54 60
Chatham-Kent 23 27 0 7 0 0 23 34
Cornwall 27 28 0 0 0 0 27 28
Kawartha Lakes 79 60 0 0 6 0 85 60
Norfolk 55 50 0 0 0 0 55 50
North Bay 33 23 0 46 0 80 33 149
Sarnia 43 49 0 0 0 0 43 49
Sault Ste. Marie 32 37 0 0 0 0 32 37
Source: CMHC (Starts and Completions Survey)
Freehold Condominium Rental Total*
Canada Mortgage and Housing Corporation 18
Q1 2009 Q1 2008 Q1 2009 Q1 2008 Q1 2009 Q1 2008 Q1 2009 Q1 2008
Bracebridge 14 29 0 0 0 0 14 29
Brighton MU 24 51 0 n/a 0 n/a 24 51
Brock Tp 19 n/a 0 n/a 0 n/a 19 n/a
Brockville 7 5 0 0 0 0 7 5
Centre Wellington 10 14 0 0 0 0 10 14
Cobourg 26 16 73 6 0 0 99 22
Collingwood 42 62 0 0 0 12 42 74
Elliot Lake 0 2 0 0 0 0 0 2
Erin 1 7 0 0 0 0 1 7
Essex T 14 16 3 n/a 0 n/a 17 16
Gravenhurst 16 11 36 0 0 0 52 11
Greater Napanee 8 8 0 0 0 0 8 8
Haldimand County CY 21 14 0 0 0 0 21 14
Hunstville 16 27 4 0 106 0 126 27
Ingersoll 6 8 0 0 0 0 6 8
Kenora 2 4 0 0 0 0 2 4
Kincardine MU 2 11 0 n/a 0 n/a 2 11
Lambton Shores 1 4 0 0 0 0 1 4
Leamington 17 37 0 0 0 0 17 37
Meaford 5 18 0 0 0 0 5 18
Midland 34 43 0 0 0 0 34 43
Mississippi Mills 21 9 0 0 0 0 21 9
North Grenville MU 21 58 0 n/a 0 n/a 21 58
North Perth 7 15 0 0 0 0 7 15
Orillia 49 47 0 0 0 84 49 131
Owen Sound 9 16 0 0 0 0 9 16
Petawawa 18 21 0 0 0 0 18 21
Port Hope 4 6 0 0 0 0 4 6
Prince Edward County 22 19 0 0 0 0 22 19
Saugeen Shores 14 30 0 0 0 0 14 30
Scugog Tp 1 11 0 n/a 0 n/a 1 11
Stratford 19 34 0 0 0 4 19 38
Temiskaming Shores 4 9 0 0 0 0 4 9
The Nation M 25 n/a 0 n/a 0 n/a 25 n/a
Tillsonburg 13 19 0 0 0 0 13 19
Timmins 10 11 0 0 0 0 10 11
Trent Hills 15 12 0 0 0 6 15 18
Wasaga Beach 51 65 2 0 0 0 53 65
W est Grey MU 9 1 0 0 0 0 9 1
West Nipissing 20 12 0 0 0 0 20 12
Woodstock 27 33 0 0 0 0 27 33
Source: CMHC (Starts and Completions Survey)
Freehold Condominium Rental Total*
Canada Mortgage and Housing Corporation 19
Units
Share
(%)
Units
Share
(%)
Units
Share
(%)
Units
Share
(%)
Units
Share
(%)
Q1 2009 2 4.1 4 8.2 34 69.4 9 18.4 0 0.0 49 239,900 247,782
Q1 2008 6 9.7 5 8.1 43 69.4 8 12.9 0 0.0 62 225,000 227,809
Year-to-date 2009 2 4.1 4 8.2 34 69.4 9 18.4 0 0.0 49 2 39,900 247,782
Year-to-date 2008 6 9.7 5 8.1 43 69.4 8 12.9 0 0.0 62 2 25,000 227,809
Q1 2009 3 15.8 1 5.3 7 36.8 8 42.1 0 0.0 19 299,000 282,368
Q1 2008 3 14.3 2 9.5 8 38.1 7 33.3 1 4.8 21 260,000 284,900
Year-to-date 2009 3 15.8 1 5.3 7 36.8 8 42.1 0 0.0 19 2 99,000 282,368
Year-to-date 2008 3 14.3 2 9.5 8 38.1 7 33.3 1 4.8 21 2 60,000 284,900
Q1 2009 5 29.4 4 23.5 3 17.6 4 23.5 1 5.9 17 198,495 244,066
Q1 2008 7 25.0 6 21.4 9 32.1 6 21.4 0 0.0 28 200,000 225,811
Year-to-date 2009 5 29.4 4 23.5 3 17.6 4 23.5 1 5.9 17 198,495 244,066
Year-to-date 2008 7 25.0 6 21.4 9 32.1 6 21.4 0 0.0 28 200,000 225,811
Q1 2009 1 1.4 1 1.4 33 44.6 27 36.5 12 16.2 74 309,450 372,121
Q1 2008 2 4.5 2 4.5 24 54.5 14 31.8 2 4.5 44 258,450 296,498
Year-to-date 2009 1 1.4 1 1.4 33 44.6 27 36.5 12 16.2 74 309,450 372,121
Year-to-date 2008 2 4.5 2 4.5 24 54.5 14 31.8 2 4.5 44 2 58,450 296,498
Q1 2009 3 6.4 2 4.3 13 27.7 23 48.9 6 12.8 47 310,000 347,128
Q1 2008 1 2.0 8 16.0 22 44.0 16 32.0 3 6.0 50 250,000 353,340
Year-to-date 2009 3 6.4 2 4.3 13 27.7 23 48.9 6 12.8 47 310,000 347,128
Year-to-date 2008 1 2.0 8 16.0 22 44.0 16 32.0 3 6.0 50 2 50,000 353,340
Q1 2009 1 2.7 6 16.2 11 29.7 19 51.4 0 0.0 37 305,900 311,586
Q1 2008 2 8.3 0 0.0 8 33.3 13 54.2 1 4.2 24 323,500 354,163
Year-to-date 2009 1 2.7 6 16.2 11 29.7 19 51.4 0 0.0 37 3 05,900 311,586
Year-to-date 2008 2 8.3 0 0.0 8 33.3 13 54.2 1 4.2 24 3 23,500 354,163
Q1 2009 1 2.9 0 0.0 15 42.9 19 54.3 0 0.0 35 300,000 309,413
Q1 2008 0 0.0 5 11.4 22 50.0 17 38.6 0 0.0 44 294,900 300,560
Year-to-date 2009 1 2.9 0 0.0 15 42.9 19 54.3 0 0.0 35 3 00,000 309,413
Year-to-date 2008 0 0.0 5 11.4 22 50.0 17 38.6 0 0.0 44 2 94,900 300,560
Q1 2009 2 5.9 4 11.8 20 58.8 7 20.6 1 2.9 34 267,450 281,082
Q1 2008 3 9.4 4 12.5 16 50.0 9 28.1 0 0.0 32 270,000 264,363
Year-to-date 2009 2 5.9 4 11.8 20 58.8 7 20.6 1 2.9 34 2 67,450 281,082
Year-to-date 2008 3 9.4 4 12.5 16 50.0 9 28.1 0 0.0 32 2 70,000 264,363
Q1 2009 0 0.0 3 2.5 47 38.5 55 45.1 17 13.9 122 310,445 360,068
Q1 2008 3 1.7 8 4.4 101 55.8 56 30.9 13 7.2 181 287,900 330,251
Year-to-date 2009 0 0.0 3 2.5 47 38.5 55 45.1 17 13.9 122 310,445 360,068
Year-to-date 2008 3 1.7 8 4.4 101 55.8 56 30.9 13 7.2 181 2 87,900 330,251
Source: CMHC (Market Absorption Survey)
Median
Price ($)
Average
Price ($)
< $175,000
$175,000 -
$199,999
$200,000 -
$299,999
$300,000 -
$499,999
$500,000 +
Canada Mortgage and Housing Corporation 20
Units
Share
(%)
Units
Share
(%)
Units
Share
(%)
Units
Share
(%)
Units
Share
(%)
Q1 2009 13 16.7 3 3.8 34 43.6 25 32.1 3 3.8 78 2 60,000 2 81,870
Q1 2008 21 20.0 9 8.6 31 29.5 35 33.3 9 8.6 105 2 68,000 292,006
Year-to-date 2009 13 16.7 3 3.8 34 43.6 25 32.1 3 3.8 78 2 60,000 281,870
Year-to-date 2008 21 20.0 9 8.6 31 29.5 35 33.3 9 8.6 105 268,000 292,006
Q1 2009 1 1.5 0 0.0 15 22.1 45 66.2 7 10.3 68 3 49,900 387,590
Q1 2008 1 1.2 0 0.0 40 46.5 43 50.0 2 2.3 86 3 07,450 325,284
Year-to-date 2009 1 1.5 0 0.0 15 22.1 45 66.2 7 10.3 68 349,900 387,590
Year-to-date 2008 1 1.2 0 0.0 40 46.5 43 50.0 2 2.3 86 3 07,450 325,284
Q1 2009 0 0.0 0 0.0 8 11.9 48 71.6 11 16.4 67 3 50,000 385,035
Q1 2008 0 0.0 0 0.0 25 24.0 71 68.3 8 7.7 104 3 38,500 364,240
Year-to-date 2009 0 0.0 0 0.0 8 11.9 48 71.6 11 16.4 67 350,000 385,035
Year-to-date 2008 0 0.0 0 0.0 25 24.0 71 68.3 8 7.7 104 338,500 364,240
Q1 2009 1 0.4 1 0.4 29 10.2 185 64.9 69 24.2 285 399,990 470,241
Q1 2008 1 0.3 0 0.0 49 14.0 267 76.3 33 9.4 350 376,445 412,567
Year-to-date 2009 1 0.4 1 0.4 29 10.2 185 64.9 69 24.2 285 399,990 470,241
Year-to-date 2008 1 0.3 0 0.0 49 14.0 267 76.3 33 9.4 350 376,445 412,567
Q1 2009 7 5.8 8 6.7 87 72.5 17 14.2 1 0.8 120 2 80,000 266,966
Q1 2008 2 1.6 29 23.6 76 61.8 13 10.6 3 2.4 123 2 50,000 249,699
Year-to-date 2009 7 5.8 8 6.7 87 72.5 17 14.2 1 0.8 120 280,000 266,966
Year-to-date 2008 2 1.6 29 23.6 76 61.8 13 10.6 3 2.4 123 250,000 249,699
Q1 2009 0 0.0 0 0.0 127 43.3 145 49.5 21 7.2 293 308,000 334,140
Q1 2008 0 0.0 0 0.0 110 47.2 107 45.9 16 6.9 233 300,000 343,296
Year-to-date 2009 0 0.0 0 0.0 127 43.3 145 49.5 21 7.2 293 308,000 334,140
Year-to-date 2008 0 0.0 0 0.0 110 47.2 107 45.9 16 6.9 233 300,000 343,296
Q1 2009 3 1.7 2 1.1 66 36.9 98 54.7 10 5.6 179 3 22,250 346,032
Q1 2008 6 1.7 16 4.5 186 52.8 125 35.5 19 5.4 352 280,000 306,050
Year-to-date 2009 3 1.7 2 1.1 66 36.9 98 54.7 10 5.6 179 322,250 346,032
Year-to-date 2008 6 1.7 16 4.5 186 52.8 125 35.5 19 5.4 352 280,000 306,050
Q1 2009 0 0.0 0 0.0 101 34.4 169 57.5 24 8.2 294 329,900 358,287
Q1 2008 0 0.0 0 0.0 145 41.9 188 54.3 13 3.8 346 319,945 340,308
Year-to-date 2009 0 0.0 0 0.0 101 34.4 169 57.5 24 8.2 294 329,900 358,287
Year-to-date 2008 0 0.0 0 0.0 145 41.9 188 54.3 13 3.8 346 319,945 3 40,308
Q1 2009 1 0.2 2 0.3 84 13.9 442 73.1 76 12.6 605 384,900 407,621
Q1 2008 0 0.0 1 0.2 148 23.9 386 62.4 84 13.6 619 350,000 393,168
Year-to-date 2009 1 0.2 2 0.3 84 13.9 442 73.1 76 12.6 605 384,900 407,621
Year-to-date 2008 0 0.0 1 0.2 148 23.9 386 62.4 84 13.6 619 350,000 393,168
Source: CMHC (Market Absorption Survey)
Median
Price ($)
Average
Price ($)
< $175,000
$175,000 -
$199,999
$200,000 -
$299,999
$300,000 -
$499,999
$500,000 +
Canada Mortgage and Housing Corporation 21
Units
Share
(%)
Units
Share
(%)
Units
Share
(%)
Units
Share
(%)
Units
Share
(%)
Q1 2009 1 1.5 1 1.5 26 40.0 34 52.3 3 4.6 65 3 25,900 345,300
Q1 2008 0 0.0 0 0.0 25 45.5 22 40.0 8 14.5 55 3 06,990 352,619
Year-to-date 2009 1 1.5 1 1.5 26 40.0 34 52.3 3 4.6 65 3 25,900 345,300
Year-to-date 2008 0 0.0 0 0.0 25 45.5 22 40.0 8 14.5 55 3 06,990 352,619
Q1 2009 6 4.4 2 1.5 31 23.0 76 56.3 20 14.8 135 3 49,900 384,683
Q1 2008 3 2.1 1 0.7 44 30.6 74 51.4 22 15.3 144 3 39,900 387,419
Year-to-date 2009 6 4.4 2 1.5 31 23.0 76 56.3 20 14.8 135 3 49,900 384,683
Year-to-date 2008 3 2.1 1 0.7 44 30.6 74 51.4 22 15.3 144 3 39,900 387,419
Q1 2009 1 5.3 5 26.3 11 57.9 2 10.5 0 0.0 19 2 35,000 239,984
Q1 2008 3 6.7 6 13.3 31 68.9 5 11.1 0 0.0 45 2 29,900 237,980
Year-to-date 2009 1 5.3 5 26.3 11 57.9 2 10.5 0 0.0 19 2 35,000 239,984
Year-to-date 2008 3 6.7 6 13.3 31 68.9 5 11.1 0 0.0 45 2 29,900 237,980
Q1 2009 1 0.0 0 0.0 18 0.8 1,193 50.7 1,142 48.5 2,354 4 96,990 570,553
Q1 2008 1 0.0 2 0.1 39 1.4 1,648 59.3 1,091 39.2 2,781 4 61,990 537,635
Year-to-date 2009 1 0.0 0 0.0 18 0.8 1,193 50.7 1,142 48.5 2,354 496,990 570,553
Year-to-date 2008 1 0.0 2 0.1 39 1.4 1,648 59.3 1,091 39.2 2,781 461,990 537,635
Q1 2009 7 13.2 6 11.3 28 52.8 11 20.8 1 1.9 53 2 50,000 271,127
Q1 2008 9 12.7 5 7.0 31 43.7 23 32.4 3 4.2 71 2 79,000 289,842
Year-to-date 2009 7 13.2 6 11.3 28 52.8 11 20.8 1 1.9 53 2 50,000 271,127
Year-to-date 2008 9 12.7 5 7.0 31 43.7 23 32.4 3 4.2 71 2 79,000 289,842
Q1 2009 60 1.2 55 1.1 848 16.8 2,661 52.7 1,425 28.2 5,049 4 11,110 461,468
Q1 2008 74 1.3 109 1.8 1,233 20.9 3,153 53.4 1,331 22.6 5,900 3 89,000 435,509
Year-to-date 2009 60 1.2 55 1.1 848 16.8 2,661 52.7 1,425 28.2 5,049 411,110 461,468
Year-to-date 2008 74 1.3 109 1.8 1,233 20.9 3,153 53.4 1,331 22.6 5,900 389,000 435,509
Source: CM HC (Market Absorption Survey)
Median
Price ($)
Average
Price ($)
< $175,000
$175,000 -
$199,999
$200,000 -
$299,999
$300,000 -
$499,999
$500,000 +
Canada Mortgage and Housing Corporation 22
Number of
Sales1 Yr/Yr2 (%) Sales SA1
Number of
New
Listings1
New
Listings SA1
Sales-to-
New
Listings SA2
Average
Price1 ($)
Yr/Yr2 (%)
Average
Price1 ($)
SA
2008 January 11,054 -5.7 17,374 27,621 30,087 57.7 302,191 7.5 309,515
February 13,930 -7.2 15,778 26,466 28,172 56.0 304,322 4.1 301,355
March 15,451 -17.9 15,909 30,715 29,259 54.4 302,746 3.5 301,861
April 20,174 -4.8 15,964 41,518 31,115 51.3 314,041 4.8 306,748
May 22,058 -12.5 16,460 41,987 31,615 52.1 316,103 4.1 308,202
June 20,485 -12.2 16,265 36,160 31,444 51.7 314,993 3.4 311,538
July 18,977 -9.2 16,080 34,595 32,171 50.0 298,630 2.3 305,453
August 15,594 -19.0 15,304 28,401 30,313 50.5 291,760 0.9 305,132
September 15,805 -0.2 15,805 34,625 31,038 50.9 294,990 -1.3 300,445
October 12,563 -27.9 13,087 31,058 31,523 41.5 281,661 -10.0 284,537
November 8,673 -43.5 11,496 21,649 30,614 37.6 293,328 -6.1 295,857
December 6,237 -33.1 11,479 11,975 29,419 39.0 280,049 -11.8 287,465
2009 January 6,556 -40.7 10,939 24,894 27,931 39.2 275,466 -8.8 285,423
February 9,861 -29.2 12,193 24,659 28,264 43.1 284,843 -6.4 286,306
March 14,051 -9.1 13,469 31,977 28,272 47.6 292,276 -3.5 294,057
April
May
June
July
August
September
October
November
December
Q1 2008 40,435 -11.2 84,802 303,137 4.7
Q1 2009 30,468 -24.6 81,530 286,253 -5.6
45,550 289,508
YTD 2008 40,435 -11.2 84,802 303,137 4.7
YTD 2009 30,468 -24.6 81,530 286,253 -5.6
-3.9708 -27.77400686 -42.0187 -3.384785 3.5021169 0.0894785
MLS® is a registered trademark o f the Canadian Real Estate Association (CREA).
1Source: CREA
2Source: CMHC, adapted from M LS® data supplied by CREA
Canada Mortgage and Housing Corporation 23
1 Yr.
Term
5 Yr.
Term
2008 January - March 718 7.3 7.3 6,675.7 6.3 20,938 90.6 804 67,348,182 99.51
April - June 696 6.7 6.9 6,694.8 6.5 34,500 78.2 814 74,234,032 99.34
July - September 697 6.8 7.0 6,693.9 6.4 32,733 79.9 822 71,083,657 95.23
October - December 704 6.1 7.1 6,682.4 7.0 -366 64.4 825 65,648,959 81.98
2009 January - March 623 4.8 5.7 6,567.1 8.4 68.8 828 79.79
April - June
July - September
October - December
1 Yr.
Term
5 Yr.
Term
2008 January - March 6.3 0.8 0.7 1.8 -0.2 -5.4 -2.4 5.2 -9.1 16.1
April - June -0.7 -0.1 -0.1 2.0 0.0 10.4 -15.9 4.4 -3.8 7.5
July - September -2.4 -0.3 -0.3 1.4 0.0 6.1 -14.9 2.9 1.6 -1.0
October - December -3.5 -1.2 -0.4 0.5 0.7 -123.0 -29.9 3.0 -6.8 -19.8
2009 January - March -13.3 -2.4 -1.6 -1.6 2.2 -24.1 3.0 -19.8
April - June
July - September
October - December
"P & I" means Principal and Interest (assumes $100,000 mortgage amortized over 25 years using current 5 year interest rate)
"NHPI" means New Housing Price Index
"CPI" means Consumer Price Index
"SA" means Seasonally Adjusted
(1) Growth year over year expressed in percentage
Source: CMHC, adapted from Statistics Canada (CANSIM), CREA (M LS®), Statistics Canada (CANSIM), Conference Board of Canada
Exchange
Rate
Average
Weekly
Wages
($)
Interest Rates
Interest Rates
Consumer
Confidence
Index
(1997=100)
Consumer
Confidence
Index
Employment
SA (,000)
P & I
Per
$100,000
P & I
Per
$100,000
Mortage
Rates
Employment
SA
Unemployment
Rate SA
Migration
Total
Net
Manufacturing
Shipments
($,000)
Average
Weekly
Wages
Manufacturing
Shipments
Unemployment
Rate (%) SA
Migration
Total
Net
Mortage
Rates (%)
Exchange
Rate
(U.S.
cents)
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