New home starts were up in the London Census Metropolitan Area in August according to preliminary figures released today by Canada Mortgage and Housing Corporation.
The construction of a 182 unit condominium apartment building drove month-over-month construction numbers into positive territory.
Single-detached home starts were down to 123 units from the 148 units in the same month in 2008. Year-to-date starts were down about 25 per cent.
"Apartment construction remains very resilient in London," said David Lan, CMHC's London Market Analyst. "While all other segments are down, rental and condominium apartment starts together are experiencing growth this year."
In the year to date, apartment starts were 755 units compared to the 697 units in 2008.