Real Estate — June 14, 2012
Kingston Resale Home Market Back to Historical LevelsKINGSTON, ONTARIO--(Marketwire - June 14, 2012) - According to Canada Mortgage and Housing Corporation's (CMHC) Spring Housing Market Outlook report for the Kingston Census Metropolitan Area (CMA), total housing starts will moderate to 715 units by the end of 2012, as residential construction activities return to a level consistent with changes in household formation.
In the next two years, developers in Kingston are expected to scale back apartment starts given the increased number of rental structures that are currently under construction.
"With more new listings coming onto the Kingston existing home market and subsequently outpacing the number of sales, price increases will slow and mirror the national rate of inflation in 2013. However, healthy full-time employment growth coupled with low mortgage rates should help sustain Kingston's resale market activity in 2012 and 2013," said Abdul Kargbo, CMHC's Kingston Market Analyst.
As Canada's national housing agency, CMHC draws on more than 65 years of experience to help Canadians access a variety of quality, environmentally sustainable and affordable housing solutions. CMHC also provides reliable, impartial and up-to-date housing market reports, analysis and knowledge to support and assist consumers and the housing industry in making informed decisions.
For more information, visit www.cmhc.ca or call 1-800-668-2642. CMHC Market Analysis standard reports are also available free for download at http://www.cmhc.ca/housingmarketinformation.
For further information, please contact:
(Ce document existe également en français)
Contact Information
Abdul Kargbo, Market Analyst
613-748-5129
akargbo@cmhc.ca
Kingston (French):
Sandra Perez Torres, Senior Market Analyst
613-748-5120
sperezto@cmhc.ca
National Media Contact:
Kate Munroe
613-748-4618
kmunroe@cmhc.ca
Latest Industry Press Releases
Updated 10:00 EDT, June 19, 2013 
Construction/Building
GTA Realtors(R) Release Mid-Month Resale Housing Figures (2013-06-18)
Black Diamond Group Limited Announces June Dividend (2013-06-18)
Tree Island Steel Announces Quarterly Interest Payment on Debentures (2013-06-17)
Media Advisory: Toronto Real Estate Board Civic Working Together Luncheon (2013-06-17)
Joint Government Funding Will Add New Affordable Housing and Health Spaces to Seniors Lodge (2013-06-15)
CanWel Building Materials Announces Quarterly Dividend (2013-06-14)
Inauguration d'un ensemble de logements récemment rénové à Melfort (2013-06-14)
New Poll Shows Continued Strong Public Support for Eliminating Toronto Land Transfer Tax (2013-06-14)
Superior Plus LP Announces Process to Refinance 8.25% Senior Unsecured Debentures (2013-06-14)
Mayor Ford to Attend Toronto Real Estate Board's Civic Working Together Luncheon (2013-06-13)
L'ACEC annonce le gagnant du prix Frank Ladner (2013-06-13)
CEMATRIX Corporation Announces Appointment of Directors (2013-06-13)
NorRock Realty Finance Corporation Announces Update and Amendment to Proposed Reactivation Transaction (2013-06-13)
CRCA Announces Frank Ladner Award Recipient (2013-06-13)
Media Advisory: Newly Renovated Housing Project Opens in Melfort (2013-06-13)
Avis aux médias: Inauguration d'un ensemble de logements récemment rénové à Melfort (2013-06-13)
Artis Real Estate Investment Trust Announces Monthly Cash Distribution (2013-06-13)
Artis Real Estate Investment Trust Announces Quarterly Cash Distributions (2013-06-13)
Global Summit Real Estate Inc. Announces Sale of Subsidiary, Pinnacle Centre Four Limited Partnership (2013-06-13)
Partners REIT Announces Appointments and Review of Management Internalization (2013-06-13)
Merit Recognizes Top Construction Employees, Apprentices and Employers (2013-06-12)
| MOST POPULAR STORIES |
- Concrete parking building repairs could save costs
- New Pickering airport to help move growing population
- Man fined in construction site death of 12 year old Nova Scotia boy
- McMaster’s Health Sciences Campus a Gold Seal project
- SNC-Lavalin hopes Algeria police raid will help to shed light on wrong
- 20 Most Popular Stories
| TODAY’S TOP CONSTRUCTION PROJECTS |
These projects have been selected from 544 projects with a total value of $1,665,691,502 that Reed Construction Data Building Reports reported on Tuesday.
$44,000,000 Sault Ste Marie ON Tenders
CONDOMINIUM APARTMENT TOWER, RETAIL BUILDING
$40,000,000 Toronto ON Negotiated
RESIDENTIAL DEVELOPMENT, GOLF CLUB
$35,000,000 Newmarket ON Prebid
| CURRENT STORIES |
- Ontario’s best steel designs recognized
- ACEC conference to focus on economic solutions
- Improper bypass of low bidder found
- CISC awards honours individual achievements
- Quebec construction workers on strike after failed negotiations
- Newfoundland and Labrador set to lead the way in economic growth
- Construction industry to increase hiring in 2013, according to outlook
- OCOT review panel proposing a ratio reduction for plumbers and steamfitters
- Man fined in construction site death of 12 year old Nova Scotia boy
- ERCB investigates Zama City, Alta pipeline spill
- Crystal Clear
- Regina looking to annex adjacent land
- Pipeline oil spill highlighted during twinning debate
- Consulting engineers gathering in Lake Louise, Alberta
- Biased specs grounds for RFP redraft
- Incoming chair looks to the future
- Foreign worker court case led to reforms
- Shell Canada gets approvals for pipelines and gas well
- B.C. building permits rise, but Alberta declines
- Electronic migration
- Unauthorized water system shut down in Alberta
