[thistleclub]

From CMHC six months ago:

"An increase in the number of single-detached home starts in Hamilton and a new condominium apartment building in Burlington boosted total starts in the Hamilton Census Metropolitan Area (CMA) to more than double the number a year ago, according to preliminary data released today by Canada Mortgage and Housing Corporation (CMHC)."

And last month:

Based on recent trends, the house price differential between Toronto and Hamilton remains significant enough to encourage more people to move from the GTA into the Hamilton CMA. Consequently, the Hamilton CMA has seen net migration doubled from recession levels....

• Existing home sales to decline in late 2012 and into 2013 as modest job growth and mortgage changes dampen homeownership demand.

• Existing home average prices in both Hamilton and Brantford will become passive in 2013 as each resale market entrenches deeper into balanced territory.

• In 2013, residential construction activities will return to historical levels and in line with household formation.

Over-all CMA stats are still lagging behind the six-month moving average.