Sudbury Starts Dip in April

GREATER SUDBURY, ONTARIO--(Marketwire - May 9, 2011) - According to preliminary data released today by Canada Mortgage and Housing Corporation (CMHC), 19 single-detached homes started in April in the Greater Sudbury metropolitan area. Together with the first quarter activity, 34 single detached units have broken ground, 44 per cent lower than the same four month period last year.

"Single detached starts were four units off the ten year average in April and thus, continue to trail last year's pace," noted Warren Philp, Northern Ontario Market Analyst with CMHC.

To see the graph associated with this release, please visit the following link: http://media3.marketwire.com/docs/1sud509e.pdf

"On the multi-family construction side, only two semi-detached units broke ground to round out new construction activity," concluded Philp.

To see the table associated with this release, please visit the following link: http://media3.marketwire.com/docs/2sud509e.pdf

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.

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