during this month, versus 2,035 in June 2010.

Transcription

1 H o u s i n g M a r k e t I n f o r m a t i o n Housing Now Montréal CMA C a n a d a M o r t g a g e a n d H o u s i n g C o r p o r a t i o n Date Released: July Montréal Metropolitan Area Housing Starts in The results of the latest starts survey conducted in by Canada Mortgage and Housing Corporation (CMHC) revealed that 1,810 housing units were started in the Montréal census metropolitan area (CMA) during this month, versus 2,035 in. The 11-per-cent decrease in starts was in line with the trend that has characterized the new home market since the beginning of the year. However, condominium construction moderated the declines registered in the other market segments this past month. Once again, the condominium segment stood out, posting a record number of starts for a month of, with 1,008 new units. In the Table of Contents 1 Montréal Metropolitan Area Housing Starts in 3 Map - Montréal CMA 5 Report Tables 26 Methodology 26 Definitions Figure 1 Housing Starts - Montréal CMA 2,500 2,000 1,500 1, Freehold Rental Condominium Total Source: CMHC Subscribe Now! Access CMHC s Market Analysis Centre publications quickly and conveniently on the Order Desk at View, print, download or subscribe to get market information ed to you on the day it is released. CMHC s electronic suite of national standardized products is available for free. Housing market intelligence you can count on

2 freehold home segment, the decrease in activity affected both the singledetached housing category (-22 per cent) and the semi-detached and row home category (-31 per cent). Rental housing starts 1, for their part, fell by 42 per cent. The data by sector reveal that residential construction remained stable on the Island of Montréal (+2 per cent) and in Vaudreuil-Soulanges (-1 per cent) but declined in the North Crown (-20 per cent) and the South Crown (-13 per cent). Condominium starts were responsible for this geographic picture of residential construction. On the Island, condominiums the only segment to have posted a gain (+34 per cent) accounted for the vast majority of housing starts this past month. In Vaudreuil-Soulanges, condominium activity more than doubled and offset the significant decrease observed in single-detached home building (-46 per cent). In the South Crown, the declines registered in the other market segments cancelled out the increase in condominium starts (+23 per cent) while, in the North Crown, the decrease in activity affected all market segments with the exception of rental housing, for which starts rose by 4 per cent. During the first half of, housing starts fell by 8 per cent from a year earlier in the Montréal CMA, reaching 10,270 units. Condominiums were the only segment to have registered an increase (+12 per cent). Since the beginning of the year, this segment has supported the new home market with a level of activity that now largely exceeds the volume of new freehold homes. Condominiums are on a roll, with housing projects of this type intended for a vast and varied client group and benefiting from a strong demand. However, activity in this segment is bound to slow down in the second half of the year, as the units currently under construction arrive on the market. In the freehold home segment, single-detached houses sustained a decrease of 26 per cent and semi-detached and row homes recorded a drop of 13 per cent. Rental housing starts, for their part, were down by 3 per cent. MLS sales down in the second quarter of According to data from the Quebec Federation of Real Estate Boards (QFREB), 12,149 MLS sales were registered in the second quarter of, for a drop of 7.9 per cent from the same period last year. This decline marked the fifth straight quarterly decrease in activity on the Montréal area resale market. MLS transactions fell by 9.4 per cent in the case of single-family houses and by 15.9 per cent for plexes. However, the slowdown was less pronounced in the condominium segment, where MLS sales dipped by 2.1 per cent. Active listings, for their part, continued to rise for a third consecutive quarter, posting an increase of 18.1 per cent. This hike resulted from the combined effect of the decrease in sales and the marked increase in new listings (+7.0 per cent). The growth in supply extended to all market segments, as new listings went up by 9.9 per cent for condominiums, by 6.3 per cent for single-family houses and by 2.2 per cent for plexes. As a result, the resale market moved progressively closer to the balanced range, but conditions still remained favourable to sellers. The average MLS price registered a gain of 6.2 per cent in the second quarter of, reaching $317,871. While still significant, the growth in prices will moderate as resale market conditions gradually ease. In the different market segments, the price increases were notable for single-family homes (+8.2 per cent) and plexes (+4.7 per cent), but the rise was more modest in the case of condominiums (+2.2 per cent). 1 In this report, the data presented on the rental segment exclude co-operative housing starts. 2

3 HWY 10 Housing Now - Montreal CMA - Date Released - July DE LA RIVE NORD HWY HWY 30 JEAN LESAGE HWY HWY 640 SHERBROOKE E ST HWY 25 ST LAURENT BLVD HWY 15 LAURIER BLVD LAVAL W DES LAURENTIDES HWY Montréal CMA Total Number of Starts January JEAN LESAGE HWY HWY Km Legend starts starts starts starts N 3

4 ZONE DESCRIPTIONS - MONTRÉAL CMA Zone 1 Zone 2 Zone 3 Zone 4 Zone 5 Zone 6 Zone 7 Zone 8 Zone 9 Zone 10 Zone 11 Zone 12 Zone 13 Zone 14 Zone 15 Zone 16 Zone 17 Zone 18 Zone 19 Zone 20 Zone 21 Zone 22 Zone 23 Zone 24 Zone 25 Zone 26 Zone 27 Downtown Montréal (bordered on the east by Amherst Street, on the west by Guy Street and on the north by Chemin Remembrance and Des Pins Avenue), Île-des-Soeurs. Dorval, L'Île-Dorval, Montréal (Lachine, LaSalle, Le Sud-Ouest, Verdun). Côte-Saint-Luc, Hampstead, Montréal (Côte-des-Neiges, Notre-Dame-de-Grâce, Outremont), Montréal-Ouest, Mont-Royal, Westmount. Montréal (Parc-Extension, Plateau Mont-Royal, Rosemont (including La Petite-Patrie), Saint-Michel, Villeray). Montréal (Mercier, Hochelaga-Maisonneuve, Centre-Sud). Montréal (Anjou, Saint-Léonard). Montréal (Ahuntsic, Cartierville, Montréal-Nord). Montréal (Saint-Laurent). Beaconsfield, Baie-d'Urfé, Dollard-des-Ormeaux, Kirkland, Pointe-Claire, Sainte-Anne-de-Bellevue, Senneville, Montréal (L'Île- Bizard, Pierrefonds, Roxboro, Sainte-Geneviève). Montréal-Est, Montréal (Pointe-aux-Trembles, Rivière-des-Prairies). Laval (Chomedey, Sainte-Dorothée, Laval-sur-le-Lac). Laval (Auteuil, Duvernay, Laval-des-Rapides, Pont-Viau, Saint-François, Saint-Vincent-de-Paul, Vimont). Laval (Fabreville, Laval-Ouest, Sainte-Rose). MRC Deux-Montagnes (Deux-Montagnes, Oka, Pointe-Calumet, Saint-Eustache, Saint-Joseph-du-Lac, Sainte-Marthe-sur-le-Lac, Saint-Placide). Mirabel. MRC Thérèse-de-Blainville (Blainville, Boisbriand, Bois-des-Filion, Lorraine, Rosemère, Sainte-Anne-des-Plaines, Sainte-Thérèse). MRC Les Moulins (Terrebonne, Mascouche). Charlemagne, Lavaltrie, L'Assomption, Repentigny, Saint-Sulpice, L'Épiphanie Gore, Saint-Colomban, Saint-Jérôme. Longueuil. Boucherville, Saint-Amable, Sainte-Julie, Varennes, Verchères Beloeil, McMasterville, Mont-Saint-Hilaire, Otterburn Park, Saint-Basile-le-Grand, Saint-Bruno-de-Montarville, Saint-Mathieu-de- Beloeil. Carignan, Chambly, Richelieu, Saint-Mathias-sur-Richelieu. Brossard, La Prairie, Saint-Lambert. Candiac, Delson, Saint-Constant, Saint-Mathieu, Saint-Philippe, Sainte-Catherine. Beauharnois, Châteauguay, Léry, Mercier, Saint-Isidore. Hudson, Les Cèdres, L'Île-Cadieux, L'Île-Perrot, Notre-Dame-de-L'Île-Perrot, Pincourt, Pointe-des-Cascades, Saint-Lazare, Terrasse-Vaudreuil, Vaudreuil-Dorion, Vaudreuil-sur-le-Lac, Saint-Zotique, Coteau-du-Lac M, Les Coteaux M 4

5 HOUSING NOW REPORT TABLES Available in ALL reports: 1 Housing Activity Summary of CMA 2 Starts by Submarket and by Dwelling Type Current Month or Quarter 2.1 Starts by Submarket and by Dwelling Type Year-to-Date 3 Completions by Submarket and by Dwelling Type Current Month or 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 Available in SELECTED Reports: 1.1 Housing Activity Summary by Submarket 1.2 History of Housing Activity (once a year) 2.2 Starts by Submarket, by Dwelling Type and by Intended Market Current Month or 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 Month or 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 Month or 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 Month or Quarter 3.5 Completions by Submarket and by Intended Market Year-to-Date 4.1 Average Price ($) of Absorbed Single-Detached Units SYMBOLS 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 5

6 Table 1: Housing Activity Summary of Montréal CMA Ownership Single Freehold Semi Row, Apt. & Other Single Condominium Row and Semi Apt. & Other Single, Semi, and Row STARTS , , ,035 % Change n/a n/a Year-to-date 2, , ,415 10,270 Year-to-date 3, , ,459 11,192 % Change n/a n/a UNDER CONSTRUCTION 2, , ,297 16,842 2, , ,648 15,334 % Change n/a n/a COMPLETIONS , , ,412 % Change n/a Year-to-date 2, , ,182 Year-to-date 2, , ,686 8,557 % Change n/a COMPLETED & NOT ABSORBED , ,278 3, , ,771 3,901 % Change n/a ABSORBED , ,586 % Change n/a Year-to-date 2, , ,040 7,642 Year-to-date 2, , ,898 9,123 % Change n/a Rental Apt. & Other Total* Source: CMHC (Starts and Completions Survey, Market Absorption Survey) 6

7 Table 1.1: Housing Activity Summary by Submarket Single Freehold Semi Row, Apt. & Other Ownership Single Condominium Row and Semi Apt. & Other Single, Semi, and Row STARTS Île de Montréal Laval Rive-Nord Rive-Sud Vaudreuil-Soulanges Montréal CMA , , ,035 UNDER CONSTRUCTION Île de Montréal , , , ,463 Laval , , ,043 Rive-Nord , ,104 1, ,895 Rive-Sud , , , ,099 4,214 Vaudreuil-Soulanges Montréal CMA 2, , ,297 16,842 2, , ,648 15,334 Rental Apt. & Other Total* Source: CMHC (Starts and Completions Survey, Market Absorption Survey) 7

8 Table 1.1: Housing Activity Summary by Submarket Single Freehold Semi Row, Apt. & Other Ownership Single Condominium Row and Semi Apt. & Other Single, Semi, and Row COMPLETIONS Île de Montréal Laval Rive-Nord Rive-Sud Vaudreuil-Soulanges Montréal CMA , , ,412 COMPLETED & NOT ABSORBED Île de Montréal ,057 Laval Rive-Nord ,080 Rive-Sud , Vaudreuil-Soulanges Montréal CMA , ,278 3, , ,771 3,901 Rental Apt. & Other Total* Source: CMHC (Starts and Completions Survey, Market Absorption Survey) 8

9 Table 1.1: Housing Activity Summary by Submarket Single Freehold Semi Row, Apt. & Other Ownership Single Condominium Row and Semi Apt. & Other Single, Semi, and Row ABSORBED Île de Montréal Laval Rive-Nord Rive-Sud Vaudreuil-Soulanges Montréal CMA , , ,586 Rental Apt. & Other Total* Source: CMHC (Starts and Completions Survey, Market Absorption Survey) 9

10 Submarket Table 2: Starts by Submarket and by Dwelling Type Single Semi Row Apt. & Other Total % Change Zone n/a Zone Zone n/a Zone Zone Zone n/a Zone ** Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Montréal CMA ,207 1,192 1,810 2, Source: CMHC (Starts and Completions Survey) 10

11 Submarket Table 2.1: Starts by Submarket and by Dwelling Type January - Single Semi Row Apt. & Other Total % Change Zone Zone Zone ** Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Montréal CMA 2,411 3, ,659 6,621 10,270 11, Source: CMHC (Starts and Completions Survey) 11

12 Submarket Table 2.2: Starts by Submarket, by Dwelling Type and by Intended Market Freehold and Condominium Row Rental Freehold and Condominium Apt. & Other Rental Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Montréal CMA , Source: CMHC (Starts and Completions Survey) 12

13 Submarket Table 2.3: Starts by Submarket, by Dwelling Type and by Intended Market January - Freehold and Condominium Row Rental Freehold and Condominium Apt. & Other Rental Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Montréal CMA ,153 4,723 1,415 1,459 Source: CMHC (Starts and Completions Survey) 13

14 Submarket Table 2.4: Starts by Submarket and by Intended Market Freehold Condominium Rental Total* Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Montréal CMA , ,810 2,035 Source: CMHC (Starts and Completions Survey) 14

15 Submarket Table 2.5: Starts by Submarket and by Intended Market January - Freehold Condominium Rental Total* Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Montréal CMA 3,743 4,790 5,021 4,479 1,415 1,459 10,270 11,192 Source: CMHC (Starts and Completions Survey) 15

16 Submarket Table 3: Completions by Submarket and by Dwelling Type Single Semi Row Apt. & Other Total % Change Zone n/a Zone Zone Zone Zone Zone ** Zone Zone ** Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone ** Zone Zone Zone Zone ** Zone Zone Zone Montréal CMA ,538 1,435 2,379 2, Source: CMHC (Starts and Completions Survey) 16

17 Submarket Table 3.1: Completions by Submarket and by Dwelling Type January - Single Semi Row Apt. & Other Total % Change Zone ** Zone Zone Zone Zone Zone ** Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Montréal CMA 2,143 2, ,979 4,852 8,182 8, Source: CMHC (Starts and Completions Survey) 17

18 Table 3.2: Completions by Submarket, by Dwelling Type and by Intended Market Submarket Freehold and Condominium Row Rental Freehold and Condominium Apt. & Other Rental Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Montréal CMA , Source: CMHC (Starts and Completions Survey) 18

19 Table 3.3: Completions by Submarket, by Dwelling Type and by Intended Market January - Submarket Freehold and Condominium Row Rental Freehold and Condominium Apt. & Other Rental Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Montréal CMA ,632 3, ,686 Source: CMHC (Starts and Completions Survey) 19

20 Submarket Table 3.4: Completions by Submarket and by Intended Market Freehold Condominium Rental Total* Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Montréal CMA 882 1,032 1, ,379 2,412 Source: CMHC (Starts and Completions Survey) 20

21 Submarket Table 3.5: Completions by Submarket and by Intended Market January - Freehold Condominium Rental Total* Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Zone Montréal CMA 3,342 3,778 3,493 2, ,694 8,182 8,557 Source: CMHC (Starts and Completions Survey) 21

22 Submarket Table 4: Absorbed Single-Detached Units by Price Range Price Ranges < $200,000 Units Share (%) $200,000 - $299,999 Share Units (%) $300,000 - $399,999 Share Units (%) $400,000 - $499,999 Share Units (%) $500,000 + Median Average Total Price ($) Price ($) Share Units (%) Island of Montréal , , , ,167 Year-to-date , ,119 Year-to-date , ,934 Laval , , , ,182 Year-to-date , ,061 Year-to-date , ,283 North Shore , , , ,978 Year-to-date , ,184 Year-to-date , , ,794 South Shore , , , ,319 Year-to-date , ,163 Year-to-date , ,488 Vaudreuil-Soulanges , , , ,139 Year-to-date , ,894 Year-to-date , ,113 Montréal CMA , , , ,603 Year-to-date , , ,522 Year-to-date , , ,146 Source: CMHC (Market Absorption Survey) A methodological change in the collection of selling prices was introduced in July

23 Table 4.1: Average Price ($) of Absorbed Single-detached Units Submarket % Change % Change Zone n/a n/a Zone n/a n/a Zone n/a n/a Zone n/a n/a Zone n/a n/a Zone n/a n/a Zone n/a n/a Zone n/a ,736 n/a Zone ,325 n/a 479, , Zone , , , , Zone ,048 n/a 502, , Zone , , , , Zone , , , , Zone , , , , Zone , , , , Zone , , , , Zone , , , , Zone , , , , Zone , , , , Zone , , , , Zone , , , , Zone , , , , Zone , , , , Zone , n/a 472, , Zone n/a 478, , Zone , , , , Zone , , , , Montréal CMA 350, , , , Source: CMHC (Market Absorption Survey) A methodological change in the collection of selling prices was introduced in July

24 Table 5: MLS Residential Activity 1 for Montreal Last Four Quarters 3 Number of Sales Number of New Listings Number of Active Listings Average Price ($) Active Listings to Sales Ratio 2 Average Price 2 ($) Active Listings to Sales Ratio 2 SINGLE FAMILY* Q2 7,067 10,545 14, , , Q2 7,800 9,916 12, , , % Change n/a 6.9 n/a 14,036 24,115 14, , n/a n/a 15,789 23,597 12, , n/a n/a % Change n/a n/a n/a CONDOMINIUMS* Q2 3,835 6,152 8, , , Q2 3,918 5,596 6, , , % Change n/a 5.5 n/a 7,461 13,539 8, , n/a n/a 7,764 12,457 6, , n/a n/a % Change n/a n/a n/a PLEX* Q2 1,233 2,045 2, , , Q2 1,466 2,001 2, , , % Change n/a 7.3 n/a 2,311 4,388 2, , n/a n/a 2,771 4,377 2, , n/a n/a % Change n/a n/a n/a TOTAL Q2 12,149 18,777 25, , , Q2 13,192 17,544 21, , , % Change n/a 6.4 n/a 23,830 42,116 25, , n/a n/a 26,341 40,495 21, , n/a n/a % Change n/a n/a n/a MLS is a registered trademark of the Canadian Real Estate Association (CREA). 1 Source: QFREB by Centris. 2 Calculations: CMHC. 3 Weighted average for the last four quarters, to reduce strong variations from one quarter to another and give a clearer trend. -- Data not available when there are fewer than 30 sales. n/a Not applicable. * Refer to QFREB for the definitions. ** Observed change greater than 100%. 24

25 P & I Per $100,000 Interest Rates Table 6: Economic Indicators Mortage Rates (%) NHPI, Total, Montréal CMA 2007=100 Unemployment Rate (%) SA Participation Rate (%) SA 1 Yr. Term 5 Yr. Term January , February , March , April , May , , July , August , September , October , November , December , January , February , March , April , May , , July August September October November December CPI, 2002 =100 Employment SA (,000) Montréal Labour Market Average Weekly Earnings ($) "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 Source: CMHC, adapted from Statistics Canada (CANSIM), Statistics Canada (CANSIM) 25

26 Methodology Starts & Completions Survey Methodology The Starts and Completions Survey is conducted by way of site visits which are used to confirm that new units have reached set stages in the construction process. Since most municipalities in the country issue building permits, these are used as an indication of where construction is likely to take place. In areas where there are no permits, reliance has to be placed either on local sources or searching procedures. The Starts and Completions Survey is carried out monthly in urban areas with population in excess of 50,000, as defined by the 2006 Census. In urban areas with populations of 10,000 to 49,999, all Starts are enumerated in the last month of the quarter (i.e. four times a year, in March,, September and December). In these centres with quarterly enumeration, Completion activity is modelled based on historical patterns. Monthly Starts and Completions activity in these quarterly locations are statistically estimated at a provincial level for single and multi categories. Centres with populations below 10,000 are enumerated on a sample basis, also in the last month of each quarter (i.e. four times a year, in March,, September and December). The Starts and Completions Survey enumerates dwelling units in new structures only, designed for non-transient and year-round occupancy. Mobile homes are included in the surveys. A mobile home is a type of manufactured house that is completely assembled in a factory and then moved to a foundation before it is occupied. Trailers or any other movable dwelling (the larger often referred to as a mobile home) with no permanent foundation are excluded from the survey. Conversions and/or alterations within an existing structure are excluded from the surveys as are seasonal dwellings, such as: summer cottages, hunting and ski cabins, trailers and boat houses; and hostel accommodations, such as: hospitals, nursing homes, penal institutions, convents, monasteries, military and industrial camps, and collective types of accommodation such as: hotels, clubs, and lodging homes. Market Absorption Survey Methodology The Market Absorption Survey is carried out in conjunction with the Starts and Completions Survey in urban areas with populations in excess of 50,000. When a structure is recorded as completed, an update is also made as units are sold or rented. The dwellings are then enumerated each month until such time as full absorption occurs. STARTS AND COMPLETIONS SURVEY AND MARKET ABSORPTION SURVEY DEFINITIONS A dwelling unit, for purposes of the Starts and Completions Survey, is defined as a structurally separate set of self-contained living premises with a private entrance from outside the building or from a common hall, lobby, or stairway inside the building. Such an entrance must be one that can be used without passing through another separate dwelling unit. A start, for purposes of the Starts and Completions Survey, is defined as the beginning of construction work on a building, usually when the concrete has been poured for the whole of the footing around the structure, or an equivalent stage where a basement will not be part of the structure. The number of units under construction as at the end of the period shown, takes into account certain adjustments which are necessary for various reasons. For example, after a start on a dwelling has commenced construction may cease, or a structure, when completed, may contain more or fewer dwelling units than were reported at start. A completion, for purposes of the Starts and Completions Survey, is defined as the stage at which all the proposed construction work on a dwelling unit has been performed, although under some circumstances a dwelling may be counted as completed where up to 10 per cent of the proposed work remains to be done. The term absorbed means that a housing unit is no longer on the market (i.e. has been sold or rented). This usually happens when a binding contract is secured by a non-refundable deposit and has been signed by a qualified purchaser. The purpose of the Market Absorption Survey is to measure the rate at which units are sold or rented after they are completed, as well as collect prices. 26

27 DWELLING TYPES: A Single-Detached dwelling (also referred to as Single ) is a building containing only one dwelling unit, which is completely separated on all sides from any other dwelling or structure. Includes link homes, where two units may share a common basement wall but are separated above grade. Also includes cluster-single developments. A Semi-Detached (Double) dwelling (also referred to as Semi ) is one of two dwellings located side-by-side in a building, adjoining no other structure and separated by a common or party wall extending from ground to roof. A Row (Townhouse) dwelling is a one family dwelling unit in a row of three or more attached dwellings separated by a common or party wall extending from ground to roof. The term Apartment and other includes all dwellings other than those described above, including structures commonly known as stacked townhouses, duplexes, triplexes, double duplexes and row duplexes. Intended market: The intended market is the tenure in which the unit is being marketed. This includes the following categories: Freehold: A residence where the owner owns the dwelling and lot outright. Condominium (including Strata-Titled): An individual dwelling which is privately owned, but where the building and/or the land are collectively owned by all dwelling unit owners. A condominium is a form of ownership rather than a type of house. Rental: Dwelling constructed for rental purposes regardless of who finances the structure. Geographical terms: A census metropolitan area (CMA) or a census agglomeration (CA) is formed by one or more adjacent municipalities centred on a large urban area (known as the urban core). The census population count of the urban core is at least 10,000 to form a census agglomeration and at least 100,000 to form a census metropolitan area. To be included in the CMA or CA, other adjacent municipalities must have a high degree on integration with the central urban area, as measured by commuting flows derived from census place of work data. CMAs and CAs contain whole municipalities or Census Subdivisions. A Rural area, for the purposes of this publication, is a centre with a population less than 10,000. All data presented in this publication is based on Statistics Canada s 2006 Census area definitions. 27

28 CMHC Home to Canadians (CMHC) has been Canada's national housing agency for more than 65 years. Together with other housing stakeholders, we help ensure that the Canadian housing system remains one of the best in the world. We are committed to helping Canadians access a wide choice of quality, environmentally sustainable and affordable housing solutions that will continue to create vibrant and healthy communities and cities across the country. For more information, visit our website at You can also reach us by phone at or by fax at Outside Canada call or fax to supports the Government of Canada policy on access to information for people with disabilities. If you wish to obtain this publication in alternative formats, call The Market Analysis Centre s (MAC) electronic suite of national standardized products is available for free on CMHC s website. You can view, print, download or subscribe to future editions and get market information ed automatically to you the same day it is released. It s quick and convenient! Go to For more information on MAC and the wealth of housing market information available to you, visit us today at To subscribe to priced, printed editions of MAC publications, call All rights reserved. CMHC grants reasonable rights of use of this publication s content solely for personal, corporate or public policy research, and educational purposes. This permission consists of the right to use the content for general reference purposes in written analyses and in the reporting of results, conclusions, and forecasts including the citation of limited amounts of supporting data extracted from this publication. Reasonable and limited rights of use are also permitted in commercial publications subject to the above criteria, and CMHC s right to request that such use be discontinued for any reason. Any use of the publication s content must include the source of the information, including statistical data, acknowledged as follows: Source: CMHC (or Adapted from CMHC, if appropriate), name of product, year and date of publication issue. Other than as outlined above, the content of the publication cannot be reproduced or transmitted to any person or, if acquired by an organization, to users outside the organization. Placing the publication, in whole or part, on a website accessible to the public or on any website accessible to persons not directly employed by the organization is not permitted. To use the content of any CMHC Market Analysis publication for any purpose other than the general reference purposes set out above or to request permission to reproduce large portions of, or entire CMHC Market Analysis publications, please contact: the Canadian Housing Information Centre (CHIC) at mailto:chic@cmhc.gc.ca; or For permission, please provide CHIC with the following information: Publication s name, year and date of issue. Without limiting the generality of the foregoing, no portion of the content may be translated from English or French into any other language without the prior written permission of. The information, analyses and opinions contained in this publication are based on various sources believed to be reliable, but their accuracy cannot be guaranteed. The information, analyses and opinions shall not be taken as representations for which or any of its employees shall incur responsibility. 28

29 Housing market intelligence you can count on FREE REPORTS AVAILABLE ON-LINE n Canadian Housing Statistics n Housing Information Monthly n Housing Market Outlook, Canada n Housing Market Outlook, Highlight Reports Canada and Regional n Housing Market Outlook, Major Centres n Housing Market Tables: Selected South Central Ontario Centres n Housing Now, Canada n Housing Now, Major Centres n Housing Now, Regional n Monthly Housing Statistics n Northern Housing Outlook Report n Preliminary Housing Start Data n Renovation and Home Purchase Report n Rental Market Provincial Highlight Reports Now semi-annual! n Rental Market Reports, Major Centres n Rental Market Statistics Now semi-annual! n Residential Construction Digest, Prairie Centres n Seniors Housing Reports CMHC s Market Analysis Centre e-reports provide a wealth of detailed local, provincial, regional and national market information. Forecasts and Analysis Future-oriented information about local, regional and national housing trends. Statistics and Data Information on current housing market activities starts, rents, vacancy rates and much more. Get the market intelligence you need today! Click to view, download or subscribe. CMHC s Mortgage Consumer Survey The survey results offer a unique perspective on attitudes and behaviours of recent mortgage consumers. Use these findings to identify opportunities and build stronger relationships with your clients. Visit for results and find out how