Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

September 09, 2010 08:15 ET

Sudbury Single Family Starts Well Ahead of Ten Year Average for August

GREATER SUDBURY, ONTARIO--(Marketwire - Sept. 9, 2010) - According to preliminary data released today by Canada Mortgage and Housing Corporation (CMHC), total starts in Greater Sudbury metropolitan area more than doubled, from 71 units in August 2009 to 149 a year later. More than half of these dwellings were row and apartment units while 57 were single-detached units, 15 units more than the 10 year average for the month of August.

"After a slowdown in construction in 2009, single detached starts have been recovering and now semi, row and apartment construction has almost caught up with last year's strong performance," stated Warren Philp, Northern Ontario Market Analyst with CMHC.

To view the graph associated with this Press Release, please visit the following link: http://media3.marketwire.com/docs/sudbury-graph.pdf.

"Good news continues to come from the mining sector locally which will be positive for the housing market," concluded Philp.

URBAN HOUSING STARTS
 
AUGUST 
 
   Single Family  Semis, Rows, Condos and  Total 
         Apartments   
  2009 2010 % chg 2009 2010 % chg 2009 2010 % chg
  Sudbury 33 57 72.7 38 92 142.1 71 149 109.9
 
  YEAR-TO-DATE: JANUARY TO AUGUST   
   Single Family  Semis, Rows, Condos and   Total  
       Apartments       
  2009 2010 % chg 2009 2010 % chg 2009 2010 % chg
  Sudbury 120 233 94.2 185 176 -4.9 305 409 34.1

Source: CMHC

As Canada's national housing agency, CMHC draws on more than 60 years of experience to help Canadians access a variety of quality, environmentally sustainable, and affordable homes - homes that will continue to create vibrant and healthy communities and cities across the country.

Aussi disponible en francais.

Our next Housing Starts press release will be September 2010, coming on October 8, 2010. CMHC's national web-site is located at www.cmhc.ca.

Contact Information

  • For additional information please contact/Pour obtenir de
    de plus amples renseignements, veuillez communiquer avec :
    Canada Mortgage and Housing Corporation, Thunder Bay
    Warren Philp
    (807) 343-2016
    wphilp@cmhc.ca
    or
    En francais :
    Canada Mortgage and Housing Corporation
    Ed Heese
    (416) 218-3369
    eheese@schl.ca
    or
    Ontario:
    Canada Mortgage and Housing Corporation
    Ted Tsiakopoulos
    (416) 218-3407
    ttsiakop@cmhc.ca
    or
    Canada:
    Canada Mortgage and Housing Corporation
    Charles Sauriol
    (613) 748-2799
    csauriol@cmhc.ca