Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

April 08, 2011 08:16 ET

Sudbury Starts Slow in March

GREATER SUDBURY, ONTARIO--(Marketwire - April 8, 2011) - According to preliminary data released today by Canada Mortgage and Housing Corporation (CMHC), four single detached starts were counted in the Greater Sudbury metropolitan area in March 2011. Year-to-date, 15 single detached units have broken ground, fifty per cent weaker than the same period last year.

To view the "March Starts Continue Slow" figure, please visit the following link:http://media3.marketwire.com/docs/sudbury_fig1_apr.pdf

"Single detached starts recovered in 2010 partly on the strength of an early spring in the Greater Sudbury area," recalled Warren Philp, Northern Ontario Market Analyst with CMHC.

"The March weather this year was not as cooperative as last March and therefore, starts are off for the first quarter. In the year-to-date, there were 15 single-detached units counted compared to 30 for the same period last year," continued Philp.

Elsewhere in Northeastern Ontario, starts are behind in North Bay and Sault Ste. Marie while housing starts in Timmins began the year swiftly compared to last year.

Housing Starts - Sudbury CMA and Northeastern Ontario
SinglesSemiRowApt.SemiRowApt.Total
March201020112010201120102011% Change
Sudbury204000000204-80.0%
Sault Ste Marie6500000065-16.7%
North Bay140000000140-100.0%
Timmins0500000005N/A
Total40140000004014-65.0%
SinglesSemiRowApt.SemiRowApt.Total
Year to First Quarter201020112010201120102011% Change
Sudbury30150000003015-50.0%
Sault Ste Marie169000000169-43.8%
North Bay174200000194-78.9%
Timmins0500000005N/A
Total63332000006533-49.2%
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 April 2011, coming on May 9, 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

    En francais :
    Canada Mortgage and Housing Corporation
    Sandra Perez-Torres
    (613) 748-5120
    sperezto@schl.ca

    Ontario:
    Canada Mortgage and Housing Corporation
    Ted Tsiakopoulos
    (416) 218-3407
    ttsiakop@cmhc.ca

    Canada:
    Canada Mortgage and Housing Corporation
    Charles Sauriol
    (613) 748-2799
    csauriol@cmhc.ca
    www.cmhc.ca