November 2012 Ottawa Housing Starts

This week, the Canada Mortgage and Housing Corporation (CMHC) released their November report for new housing starts in Ottawa.

Highlights of the report include:

• New housing starts in Ottawa were trending at 4,782 units in the month of November, according to the six month moving average.
• The standalone monthly figure for new housing starts in Ottawa was 3,942 units, up from 3,484 in the month of October.
• The bulk of the new construction was concentrated in the Kanata area, with a 50% increase in multiple starts compared with the same time the previous year.