Real Estate — November 9, 2012

Kingston Housing Market Will Moderate in 2013

KINGSTON, ONTARIO--(Marketwire - Nov. 9, 2012) - Total housing starts within the Kingston Census Metropolitan Area (CMA) are expected to reach lower levels in 2013, according to Canada Mortgage and Housing Corporation's (CMHC) Fall Housing Market Outlook. This moderation from 2012 housing starts is a result of residential construction activity returning to levels consistent with household formation. In addition, the high number of rental units currently under construction will result in some developers scaling back apartment starts in the next year.

Sales of existing homes sold in 2012 will surpass the previous year's number, but will return to more modest levels in 2013 in Kingston. New mortgage rules and modest job prospects will reduce the number of first time home buyers.

Home prices in 2013 are expected to increase in line with the national inflation numbers. In 2012 the average price of a home sold in Kingston reached a record $269,200, which was up 2.8% from 2011.

"In 2013, the number of new listings is expected to outpace the number of sales within the existing home market, thus slowing price increases. However, relatively strong employment conditions, positive net migration and historically low mortgage rates will sustain housing market activity in Kingston," said Andrew Scott, 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 or call 1-800-668-2642. CMHC Market Analysis standard reports are also available free for download at

(Ce document existe également en français)

Contact Information

Andrew Scott
Market Analyst

Kingston (French):
Sandra Perez Torres
Senior Market Analyst

National Media Contact:
Beth Bailey
Consultant, Communications and Marketing
(416) 218-3355


Latest Industry Press Releases

Updated 17:49 EDT, April 23, 2014  


President of Contractors Association Eyes Retirement on the Horizon (2014-04-23)

Retrocom REIT Announces Date of First Quarter 2014 Financial Results Conference Call (2014-04-23)

Pour célébrer le Jour de la Terre, la Banque Scotia lance un outil amélioré qui aident les Canadiens à économiser énergie et argent (2014-04-22)

Scotiabank Launches Enhanced Tool for Earth Day, Helps Canadians Save Money by Saving Energy (2014-04-22)

Empire Industries Reports 2013 Profit of $4.4 Million (2014-04-22)

Dresner Partners Announces Partnership With Richmond Virginia-Based Investment Bank (2014-04-22)

The North Front Limited Partnership Seeks Limited Partner Approval to Sell the Richmond Retirement Residence and Dissolve (2014-04-22)

RenoWorks Announces 2013 Fourth Quarter and Year End Financial Results (2014-04-22)

Toromont to Hold Annual and Special Meeting of Shareholders on April 25, 2014 (2014-04-22)

Tree Island Announces First Quarter 2014 Financial Results and Conference Call Notification (2014-04-22)

NorRock Realty Finance Corporation Announces Private Placement and Update to Proposed Reactivation Transaction (2014-04-21)

Black Diamond Group Limited Announces April Dividend (2014-04-17)

Greater Toronto Realtors(R) Report Mid-Month Resale Housing Statistics (2014-04-17)

CanWel Building Materials Announces First Quarter 2014 Financial Results Notification (2014-04-17)

Scotiabank: Canada's Housing Market Transitioning to Slower Growth (2014-04-16)

Black Diamond Group Sets First Quarter 2014 Results Date and Time (2014-04-16)


These projects have been selected from 500 projects with a total value of $2,096,783,397 that Reed Construction Data Building Reports reported on Tuesday.


$70,000,000 Ottawa ON Negotiated


$40,000,000 Ottawa ON Negotiated


$40,000,000 Ottawa ON Negotiated

Daily Top 10