For Immediate Release
March 29, 2001
Commissioner of Planning
Region of Peel
905-791-7800, Ext. 4349
MAJOR HOUSING GROWTH IN PEEL IN 2000
(Brampton) - The Region of Peel grew at a faster rate in housing production in 2000 than the City of Toronto and any other region in the Greater Toronto Area (GTA), according to a new report on the status of housing production in the GTA presented today to Regional Council.
The report states that overall, Peel Region more than any other neighbouring municipality, including the City of Toronto, experienced a greater growth in 2000 over 1999 in all three housing activities - housing starts, housing completions and housing units under construction.
"The strong increase is due to a booming housing market and Peel's solid reputation as a great place to live," said Nick Tunnacliffe, Commissioner of Planning.
In 2000, there were 11,326 new housing starts in Peel compared to 8,495 in 1999, resulting in a 33 per cent increase. There were 8,484 housing completions in 2000, a 25 per cent increase from the 1999 figure of 6,810. Peel had 8,841 housing units under construction at year-end 2000, a 48 per cent increase over the 5,992 units under construction at year-end 1999.
The data is provided by Canada Mortgage and Housing Corporation for each region in the GTA, including the City of Toronto and the Regional Municipalities of Peel, Durham, Halton and York.
Other Report Highlights:
- Peel's share of the total number of new housing starts in the GTA was 26.6 per cent, up from the 21.4 per cent share recorded in 1999.
- Peel's share of the total number of new housing completions in the GTA was 22.7 per cent, an increase from the 19.6 per cent recorded in 1999.
- Peel had the second largest number of housing units under construction after the City of Toronto with 27.4 per cent, up from the 20.6 per cent share recorded in 1999.
The Region of Peel's Planning department compiles statistical data related to housing production, including starts, completions, units under construction, and units completed and unabsorbed. Further information and a technical appendix are available on request by calling the Planning department at 905-791-7800, Ext. 4344.
(Editor's note: Above is a bar graph outlining the housing production increase between 1999 and 2000 in Peel Region. The bar graph is available electronically by calling Maria Moraca in Communication Services at 905-791-7800, Ext. 4570.)
- 30 -Communication Services, 10 Peel Centre Dr., Brampton, ON L6T 4B9
Phone: 905-791-7800, Fax: 905-791-0595 , e-mail
| Home | News Releases | Corporate Overview | Regional Departments |
| Regional Council | Maps | Search |