- Over the past five years, the average annual number of housing starts recorded in Peel was approximately 6,000 units.
- The number of housing starts recorded annually has fluctuated significantly in response to changing market conditions.
- In January – September 2019, the number of housing starts in Peel was 4,305 units, which is comparable to the level of starts recorded in January – September 2018.
Variations in annual level of starts in Peel reflect changing conditions in Ontario’s housing market.
Over the past five years, the number of housing starts recorded in Peel Region showed an annual fluctuation around an average of approximately 6,000 units per year.
Since the start of 2019, conditions in Ontario have not changed significantly resulting in relative stability in the number of housing starts registered in Peel.
In January – September 2019, the total number of housing starts in Peel (4,305 units) was comparable to the level (4,202 units) recorded in January – September 2018.
Housing Starts by Segment
The shift in Peel’s housing starts towards the multiple segment of the market, which has occurred over the past decade, remained evident in the first nine months of 2019.
This reflected relatively strong growth in the multiple segment of the market, while single starts fell below levels attained in 2018.
In January – September 2019, changes were as follows:
- Multiples: up by 17.5 per cent to 3,613 units; and
- Singles: down by 38.6 per cent to 692 units.