Red-hot April boosts local home construction sector

After a winter drought in apartment construction, new home construction in the London area got a big boost in April.

The Canada Mortgage and Housing Corporation (CMHC) reports there were 367 housing starts in London-St. Thomas last month, up from 174 in the same month last year and the highest total for the month since 1989.

The biggest factor was a revival in the multi-family sector with 147 apartment units and 64 rowhouses. But single-family starts were also strong, with 154 units last month compared to 136 in April 2017.

CMHC analyst Andrew Scott said it was the first significant upturn in London area housing starts in five months.

Although down from last year’s peak, he said overall housing starts are still relatively strong, because of the steep drop in listings in the resale market that’s pushing more buyers into the new home market.

“Strong spillover demand from a tight resale market has kept construction robust,” Scott said.

After a record year in 2017, overall housing starts were down substantially in the first quarter of this year because no large apartment projects got underway, although a number are in the planning stages.

Single-family starts, a more reliable market indicator, are in good shape with 446 units this year, compared to 431 last year.

But even with the April boost, multi-family starts are still lagging well behind 2017.

As a result, there have only been 710 overall housing starts so far this year, compared to 1,148 in the first four months of 2017.

Across Canada, the estimated annualized number of housing starts dipped to 214,400 in April, after a strong two-month run.

In Ontario, the estimated annual starts fell to 70,000 in April, down from 74,900 the previous month.

BMO economist Robert Kavcic said overall housing starts in Ontario and British Columbia are still close to peak levels and could soon spike again.

“The supply is getting gobbled up, with high-rise inventories in Toronto, for example, probing cycle lows,” said Kavcic.

Read more news of London on our site.
Red-hotApril homeconstructionsector
If you notice an error, highlight the text you want and press Ctrl + Enter to report it to the editor
1 view in november
I recommend
No recommendations yet


Post your comment to communicate and discuss this article.

Children living in London boroughs with high diesel pollution suffer from stunted lung capacity, putting them at risk of early death, a study has said. Pupils living in areas that failed to meet EU nitrogen dioxide limits were at increased risk of lung disease, researchers found. The research studied 2,000 London school children over five years. "We are raising a generation of children reaching adulthood with stunted lungs," researchers said. Academics fro...
A private school teacher has been left partially blind after another woman smashed a glass in her face during a night out.  Lisa Bertsch, 30, was at the Be At One bar in Richmond when she was hit in her right eye. The tumbler shattered and left Ms Bertsch, who lives with her boyfriend in Kingston, needing emergency surgery. She said the attack happened when she tried to stop the assailant pouring a cocktail over her friend’s belongings. Ms Bertsch added th...
Discarded syringes have been left in play areas and car parks as a BBC investigation found councils were being called 50 times a day to remove them. Figures obtained by the BBC showed councils handled 18,496 cases in 2017-18, a rise of 7% in two years. A volunteer pricked by a discarded needle has told how he faces a wait for HIV and hepatitis test results. The Department for Communities and Local Government said it was "committed to doing more to reduce d...
The German Zeppelin bombing campaign of London during WWI has been brought to the fore again days before the centenary of the war in a film made by schoolchildren. The first ever example of strategic bombing in history - a tactic used in total war with the goal of defeating the enemy by destroying their morale or economy - was during the First World War Emperor Kaiser Wilhelm II initially banned attacks on the capital because of his close connection to the...
London’s busiest train station has recruited a hawk to scare off pigeons following a spate of complaints from angry passengers. Aria, a five-year-old harris hawk, has begun patrolling Waterloostation in a bid to stop people having to “fight" off pigeons while eating. There are 27 food and drink retailers at the Network Rail-managed station, and many customers have complained about pigeons pecking at food and leaving a mess. The birds have been pictured sit...
London City Airport is going to fine airlines for breaching noise limits after a surge in complaints from residents.  The airport, based in the Royal Docks, has launched a “penalty and incentive” scheme for planes breaching its rules, and will name and shame them online. Bosses revealed the airport had seen a spike in complaints since launching concentrated flight paths in February 2016. The paths were changed after new air traffic control technology was b...
The Crossrail delay will cost Transport for London almost £200 million next year in lost revenue, the Standard has learned. Latest calculations suggest the expected nine-month delay to the completion of the Elizabeth Line, first revealed in August, will cost the cash-strapped body almost £550,000-a-day.  TfL, which has a deficit of around £1bn, has told the London Assembly it will miss out on £170million income from passenger fares and up to £20million in...
Motorists who park in cycle lanes in one of London’s “Mini Holland” boroughs could have their residents’ parking permits revoked, council chiefs warned today. A crackdown on illegal parking has been launched by Waltham Forest council amid growing anger at the way some drivers are blocking the new routes.  They are being introduced under a £30 million initiative to encourage walking and cycling by building Dutch-style segregated routes, including a three-mi...
‘Only a bloody stark raving alcoholic is bloody drunk at 1.30pm in the afternoon,’ says Air India pilot. A senior Air India pilot was grounded after he failed breathalyser tests shortly before a flight from New Delhi to London on Sunday. Arvind Kathpalia, who is responsible for safety at the airline as operations director, denied drinking on the job and said he would contest the results of the alcohol checks. “It was 1.30pm in the afternoon, only a bloody...