Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

December 08, 2010 08:15 ET

Sudbury Year-to-Date Starts Well Ahead of 2009

GREATER SUDBURY, ONTARIO--(Marketwire - Dec. 8, 2010) - According to preliminary data released today by Canada Mortgage and Housing Corporation (CMHC), single starts in Greater Sudbury metropolitan area rose slightly from 27 units in November 2009 to 31 a year later. Year to date, 350 single detached units have broken ground, nearly 78 per cent greater than the same period last year.

"After a weaker year in construction in 2009, single detached starts have nearly doubled so far while semi, row and apartment construction remains stable from last year's strong performance," observed Warren Philp, Northern Ontario Market Analyst with CMHC.

"In the year to date, 550 total starts are 37 per cent greater than the first 11 months of last year," concluded Philp. 

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

URBAN HOUSING STARTS
NOVEMBER
  Single Family Semis, Rows, Condos and Apartments Total
  2009 2010 % chg 2009 2010 % chg 2009 2010 % chg
Sudbury 27 31 14.8 16 4 -75.0 43 35 -18.6
 
YEAR-TO-DATE: JANUARY TO NOVEMBER
  Single Family Semis, Rows, Condos and Apartments Total
  2009 2010 % chg 2009 2010 % chg 2009 2010 % chg
Sudbury 197 350 77.7 205 200 -2.4 402 550 36.8
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 français.

Our next Housing Starts press release will be December 2010, coming on January 11, 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 :
    Thunder Bay: Canada Mortgage and Housing Corporation
    Warren Philp
    (877) 349-3688
    wphilp@cmhc.ca
    or
    En francais :
    Canada Mortgage and Housing Corporation
    Sandra Perez-Torres
    (613) 748-5120
    sperezto@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