Home-construction market heats up after slow start to 2018

New home construction in the London area continued to rebound in July after a slow start in the first five months of the year.

The Canada Mortgage and Housing Corp. (CMHC) said there were 248 housing starts in London-St. Thomas last month, up from 235 in July 2017.

The July total includes 92 multi-family units compared to 38 last year and 156 single-family homes, down from 197 last year. CMHC senior analyst Andrew Scott noted it was the second month in a row that overall housing starts have ticked upward.

“After a slow start to the year, multi-unit construction has picked up the pace. However, housing starts remain below the elevated numbers recorded in 2017,” he said.

Scott said the stock of housing under construction in the London area remains high and should put a damper on new starts for the rest of the year.

The drop in single-family units was also evident in the building permit figures released by city hall officials with permits for single-family homes down 34 per cent this year.

But part of the reason may not be a drop in demand, but a delay in construction caused by labour shortages.

Sue Wastell, president of the London Home Builders’ Association, said construction time for single-family homes has increased because of delays in getting skilled trades people to work on the homes.

Across Canada, the annualized estimate of housing starts fell sharply to 206,300 units in July.

But BMO economist Robert Kavcic said the drop was expected after a spike of 246,000 units in June, one of the highest totals in the past decade.Condo starts fell sharply, while single-family starts pulled back modestly.

Ontario saw the biggest drop in July, with 66,000 starts following a big wave of Toronto condo starts in June.

“Very robust levels of residential construction continue in Canada, with a 27-year high for population growth behind the strength. While Vancouver and Toronto rightfully get much of the attention, many markets have seen construction activity ramp up as a result,” said Kavcic.

hdaniszewski @ postmedia.com



(July 2017 in brackets)

Single-family: 156 (197)

Multi-family: 92 (38)

Total: 248 (235)


Single-family: 874 (997)

Multi-family: 879 (1,186)

Total: 1,753 (2,183)

Read more news of London on our site.

If you notice an error, highlight the text you want and press Ctrl + Enter to report it to the editor
3 views in june
I recommend
No recommendations yet


Post your comment to communicate and discuss this article.

An EE customer has said she was stalked by an ex-partner who worked at the firm, after he accessed her personal data without permission. Francesca Bonafede's number was switched to a new handset and her address and bank details were accessed. She said the company failed to take the data breach seriously and she had to involve police. EE "sincerely apologised" to Ms Bonafede, and said the employee no longer worked for the company. 'They didn't seem concerne...
West Ham say they have handed over all of their evidence to the police after completing a "thorough and immediate" investigation into racist abuse shouted at Liverpool's Mohamed Salah. The incident happened during Monday's 1-1 draw at London Stadium. Egypt striker Salah, 26, was filmed on a mobile phone from a section of home supporters as he was taking a corner. "The club is unequivocal in its stance - such abuse will not be tolerated," West Ham said in a...
A body seen in the wreckage of the plane carrying Cardiff City footballer Emiliano Sala and pilot David Ibbotson has been recovered, investigators said. Remotely operated Vehicles (ROVs) were used in ‘challenging conditions’ to pull the body out of the water ‘in as dignified a way as possible’ the Air Accidents Investigation Branch (AAIB) said on Wednesday night. The body is being taken to Portland to be passed over to the Dorset coroner for examination, t...
The US president, who has repeatedly criticised the military alliance, would meet with heads of state in London, Nato secretary general Jens Stoltenberg announced on Wednesday. It would be Mr Trump's second visit to Britain since his election, having jetted in amid swathes of protest last July. I am pleased to announce that allies have agreed that the next meeting of Nato heads of state and government will take place in London in December 2019. The meeting...
Rolf Harris was jailed for five years and nine months in 2014 but released on licence in May 2017 Credit: PA Officials are investigating a report that disgraced entertainer Rolf Harris walked onto the grounds of a primary school and waved at pupils. The convicted sex offender went onto the premises of Oldfield Primary School near his home in Bray, Maidenhead, to talk to a sculptor working in the grounds, the Daily Mirror reported. Harris, who was jailed fo...
Two men have been arrested on suspicion of murder after a teenager was stabbed to death. Police and London Ambulance Service were called to Wolsey Court, off Westbridge Road in Battersea, at 7.52pm on Tuesday following reports of a stabbing. A 19-year-old man was found with stab injuries and died at the scene at 8.36pm despite paramedics battling to save his life. The stabbing took place less than half a mile from Prince George's primary school, Thomas's B...
The girl, who has been named Roman by nurses, was found at around 10pm on Thursday in the park in Roman Road in East Ham.  Police said Roman was wrapped in a white towel and placed in the shopping bag on the ground next to a bench in the small children's play park.  The baby was rushed to hospital where she was in a stable condition on Friday morning, the Metropolitan Police said.  Roman was discovered by grandmother-of-one Rima Zvaliauskiene, 50, just 100...
The operation to recover the doomed plane carrying Emiliano Sala off Guernsey could be hampered by days of poor weather as the man brought in by the footballer's family to find him said he could be in the wreckage. The English Channel is being battered by torrential ran, 40mph winds and 10ft waves with the poor conditions set to continue - and worsen - until the end of the week, MailOnline can reveal today. The families of the £15million striker and his pi...
Train passengers are being warned of major disruption after overhead electric wires were damaged near one of London’s busiest stations. Network Rail said services travelling to and from Liverpool Street could be cancelled or revised until 8am on Thursday. Wires between Liverpool Street and Bethnal Green, east London, were damaged, with the outage impacting Greater Anglia, London Overground, Stansted Express and Transport for London Rail services. Passenger...