Peel Region homepage
main

Housing Starts

The number of new residential units at the construction stage where concrete has been poured for the footing around the structure.

Key Highlights

  • The number of housing starts in Peel decreased to 1,885 units in January - June 2020.
  • The decline was concentrated in the multiple segment of the market.
  • The onset of the COVID-19 pandemic and resulting halt in economic activity disrupted construction activities in April and will likely result in lower level of activities in Peel in 2020.
  • Housing starts in the Toronto CMA and GTA increased by 17.2 and 11.3 per cent respectively.

For the period January - June 2020, the number of housing starts recorded in Peel Region was 1,885 units, a decline of 31.1 per cent when compared with the same period in 2019.

The number of housing starts in Peel have fluctuated in recent years in response to changing market conditions in the housing market.

Housing Starts by Municipality

In January – June 2020, housing starts changed in Peel’s municipalities as follows:

Housing starts in Mississauga are concentrated in the multiple segment of the market where projects tend to be large, consisting of many units, and are therefore susceptible to significant variations.

Housing Starts by segment

In January - June 2020, the number of multiple starts in Peel declined, while single starts increased relative to January- June 2019 as follows:

Despite the decline in multiple starts in January – June 2020, it remained the larger market segment at 76.4 per cent of total starts.

Changes in housing starts in Peel for the remainder of 2020 remain uncertain because: