Sudbury August Singles Starts Up Slightly from 2011

GREATER SUDBURY, ONTARIO--(Marketwire - Sept. 11, 2012) - According to preliminary data released today by Canada Mortgage and Housing Corporation, there were 38 single-detached housing starts in the Greater Sudbury Census Metropolitan Area (CMA) in August, up from 37 last August.

"Despite the positive single-family starts news month over month, singles starts for the year are off twelve per cent with starts of semi, row and apartment units also trailing 2011. Employment growth has been rather lacklustre thus far despite significant positive news on the economic front focussed primarily on the mining sector" 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.

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