Office: 165 Pretoria Avenue, Ottawa ON. K1S 1X1
OTTAWA, December 18, 2013 — Canada Mortgage and Housing Corporation (CMHC) today released the 2013 Canadian Housing Observer, its detailed annual review on the state of housing in Canada.
“The Observer is unrivalled in its detailed analysis of housing conditions and developments that influence housing finance and housing markets in Canada,” said Douglas A. Stewart, Interim President of CMHC. “The Observer provides insight into Canadian residential mortgage practices and other key trends, while underscoring the important role of housing in Canada’s economy.”
The 2013 Observer examines important housing highlights including:
In addition to a feature article on condominiums, the Observer provides analysis of housing finance, housing markets, demographic and socio-economic influences on housing demand, recent trends in housing affordability and core housing need, and sustainable housing and communities – industrialized housing.
The Observer alsoenables readers to access a wide array of online statistical information on housing conditions from national, regional and local perspectives.
The online publication and data are available at www.cmhc.ca/observer.
As Canada’s national housing agency, CMHC draws on more than 66 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.
Condominium share of homeownership market, Canada, CMAs*, CAs, and other areas, 2011
Owner-occupied condominiums as a % of owner households
|Small towns & rural areas||1.8|
|Abbotsford – Mission||25.7|
|Kitchener – Cambridge – Waterloo||10.4|
|St. Catharines – Niagara||5.7|
|Greater Sudbury/Grand Sudbury||1.1|
*A Census Metropolitan Area (CMA) is an urban area with a total population of at least 100,000 and an urban core population of at least 50,000. A Census Agglomeration (CA) is an urban area that is not a CMA and has an urban core population of at least 10,000.
Quebec and Ontario portions of Ottawa – Gatineau are shown separately.
Source: CMHC, adapted from Statistics Canada (National Household Survey