GREATER SUDBURY, ONTARIO--(Marketwire - June 8, 2012) - According to preliminary data released today by Canada Mortgage and Housing Corporation, there were 52 housing starts in the Greater Sudbury Census Metropolitan Area (CMA) in May, down 10.3 per cent from last May.
"Despite the slower May, the 52 total starts bring the year-to-date total in Sudbury to 94 units, even with 2011. The unit mix is shifting slightly to more high-density housing starts in light of rising prices, a trend happening elsewhere in the country," said Warren Philp, CMHC's Northern Ontario Market Analyst.
As Canada's national housing agency, CMHC draws on more than 65 years of experience to help Canadians access a variety of high quality, environmentally sustainable and affordable housing solutions. 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.
For more information, visit www.cmhc.ca or call 1-800-668-2642. CMHC Market Analysis standard reports are also available free for download at CMHC Housing Market Information.
(Ce document existe également en français)
To view the figures associated with this press release, please visit the following link: http://media3.marketwire.com/docs/Sudbury_May_2012.pdf.