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100 21 · Friday, August 10, 2012 OAKVILLE BEAVER · www.insideHALTON.com Industry News 0 New home starts remain steady in July Source: CMH C J an Feb Mar Apr May J un J ul Aug S ep Oct Nov Dec TORONTO, ONTARIO-(Marketwire - Aug. 9, 2012) - New home starts in the Hamilton Census Metropolitan Area (CMA) remained relatively unchanged in July as compared to a year ago, according to preliminary data released today by Canada Mortgage and Housing Corporation (CMHC). The majority of the starts were concentrated in the City of Hamilton. Over 200 single-detached homes and townhouses were started in the City of Hamilton, up from nearly 150 starts a year ago. In neighbouring Burlington and Grimsby, starts dropped by 82 per cent and 80 per cent, respectively. There were no starts of semi-detached homes or apartments in July. Demand for new homes has been rising since the beginning of the year in all markets in the CMA. This has been prompted partially by the decline in the number of homes listed for sale in the resale market. "Single-detached and townhouse starts in the City of Hamilton contributed to strong increase in total starts in the city last month," noted Sarah Fong, CMHC's Senior Market Analyst H ousing Starts J uly 2012 H amilton CMA* Single Semi TH City of H amilton Singles and Townhouses Drive Total Starts 600 Total N umber of Starts 500 400 300 200 100 0 2011 2012 T otal % Chg H amilton CMA J ul-12 124 0 95 0 219 0.9% 910 52 612 404 1978 65.9% J ul-11 136 0 65 16 217 767 6 257 162 1192 Burlington J ul-12 10 0 0 0 10 -82.8% 71 0 90 338 499 69.7% J ul-11 46 0 12 0 58 199 4 16 75 294 City of H amilton J ul-12 112 0 95 0 207 38.9% 815 52 452 66 1385 66.5% J ul-11 80 0 53 16 149 502 2 241 87 832 Grimsby J ul-12 2 0 0 0 2 -80.0% 24 0 70 0 94 42.4% J ul-11 10 0 0 0 10 66 0 0 0 66 H alton H ills J ul-12 5 0 25 0 30 130.8% 28 0 25 0 53 23.3% J ul-11 4 0 9 0 13 32 2 9 0 43 Milton J ul-12 62 54 116 75 307 288.6% 346 84 467 77 974 4.8% J ul-11 77 2 0 0 79 496 16 201 216 929 Oakville J ul-12 14 0 0 0 14 -80.8% 152 0 227 136 515 -23.5% J ul-11 50 0 23 0 73 369 32 272 0 673 S ource: CMHC *Hamilton Census Metropolitan Area (CMA) includes the City of Hamilton, Burlington, and Grimsby. Statistics Canada defines a CMA as one or more adjacent municipalities integrated with an urban core. A CMA must have a total population of at least 100,000. J uly Apt T otal % Chg Single Semi J anuary - J uly TH Apt J an Feb Mar Apr May J un J ul Aug S ep Oct Nov Dec Source: CMH C for the Hamilton and Brantford CMAs. "Fewer listings in the resale market in recent months have led to more buyers looking in the new home market. 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 hous- ing industry in making informed decisions. For more information, visit www.cmhc.ca or call 1-800-6682642. CMHC Market Analysis standard reports are also available free for download at CMHC Housing Market Information. H ousing Starts J uly 2012 H amilton CMA* J uly J anuary - J uly Single Semi TH Apt T otal % Chg Single Semi TH Apt T otal % Chg H amilton CMA J ul-12 124 0 95 0 219 0.9% 910 52 612 404 1978 65.9% J ul-11 136 0 65 16 217 767 6 257 162 1192 Burlington J ul-12 10 0 0 0 10 -82.8% 71 0 90 338 499 69.7% J ul-11 46 0 12 0 58 199 4 16 75 294 City of H amilton J ul-12 112 0 95 0 207 38.9% 815 52 452 66 1385 66.5% J ul-11 80 0 53 16 149 502 2 241 87 832 Grimsby J ul-12 2 0 0 0 2 -80.0% 24 0 70 0 94 42.4% J ul-11 10 0 0 0 10 66 0 0 0 66 H alton H ills J ul-12 5 0 25 0 30 130.8% 28 0 25 0 53 23.3% J ul-11 4 0 9 0 13 32 2 9 0 43 Milton J ul-12 62 54 116 75 307 288.6% 346 84 467 77 974 4.8% J ul-11 77 2 0 0 79 496 16 201 216 929 Oakville J ul-12 14 0 0 0 14 -80.8% 152 0 227 136 515 -23.5% J ul-11 50 0 23 0 73 369 32 272 0 673 S ource: CMHC Hamilton Census Metropolitan Area (CMA) includes the City of Hamilton, Burlington, and Grimsby. 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Richview Blvd. N · Convenient living with spacious designs surrounded by open space, ranging from 2,307* to 2,906* sq. ft. · Live on the cusp of nature and Bronte Provincial Park in one of Oakville's most prestigious and desirable neighbourhoods · Discover luxurious features and finishes that elevate your lifestyle · Select lots backing onto lush greenspace · From the high $500,000's Ask about our exclusive feature home promo. $30,000 Design Studio Bonus** On select lots, for a limited time only. twitter@monarch_group Like us on: facebook/monarchcorp MONARCHGROUP.NET Prices, specifications and promos are subject to change without notice, and promotions are applicable to select lots only. Other promotional offers do not apply. **Extras noted above are as per plan and as specified by Vendor. Extras are to be chosen at Monarch's Homes Design Studio. *Square Footage includes finished space in lower level. Renderings are artist's concept and images are for mood and impression only. E.&O.E. 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