Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

March 08, 2011 08:15 ET

CMHC: Sudbury Starts Slow in February

GREATER SUDBURY, ONTARIO--(Marketwire - March 8, 2011) - According to preliminary data released today by Canada Mortgage and Housing Corporation (CMHC), only one single detached start was counted in the Greater Sudbury metropolitan area in February 2011. Year to date, 11 single detached units have broken ground, ten per cent greater than the same period last year.

"Single detached starts recovered in 2010 and are on pace thus far to continue growing in 2011," observed Warren Philp, Northern Ontario Market Analyst with CMHC.

"Despite the slow February, single-detached starts average only three units in this typically quiet winter month," concluded Philp. 

To view the Sudbury February Starts Slow graph, please visit the following link: http://media3.marketwire.com/docs/sudbury_0308_fig.pdf

URBAN HOUSING STARTS
FEBRUARY
  Single Family Semis, Rows, Condos and Apartments Total
  2010 2011 2010 2011 2010 2011 2010 2011 2010
Sudbury 3 1 -66.7 0 0 -- 3 1 -66.7
 
YEAR-TO-DATE: JANUARY TO FEBRUARY
  Single Family Semis, Rows, Condos and Apartments Total
  2010 2011 % chg 2010 2011 % chg 2010 2011 % chg
Sudbury 10 11 10.0 0 0 -- 10 11 10.0

Source: CMHC

As Canada's national housing agency, CMHC draws on 65 years of experience to help Canadians access a variety of high quality, environmentally sustainable and affordable homes. 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.

Aussi disponible en français

Our next Housing Starts press release will be March 2011, coming on April 8, 2011. CMHC's national web-site is located at www.cmhc.ca.

Contact Information

  • For additional information please contact/Pour obtenir de
    plus amples renseignements, veuillez communiquer avec :
    Canada Mortgage and Housing Corporation - Thunder Bay
    Warren Philp
    (877) 349-3688
    wphilp@cmhc.ca
    or
    Canada Mortgage and Housing Corporation - En francais :
    Sandra Perez-Torres
    (613) 748-5120
    sperezto@schl.ca
    or
    Canada Mortgage and Housing Corporation - Ontario:
    Ted Tsiakopoulos
    (416) 218-3407
    ttsiakop@cmhc.ca
    or
    Canada Mortgage and Housing Corporation - Canada:
    Charles Sauriol
    (613) 748-2799
    csauriol@cmhc.ca
    www.cmhc.ca