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Stellar growth reported in Sudbury's housing sector.


The Canada Mortgage and Housing Corp. (CMHC CMHC community mental health center.) reports Sudbury housing starts
Housing Starts
The number of residential building construction projects that have begun during any particular month.

Notes:
This is considered to be a crucial indicator of economic strength. If the economy is strong, people are more likely to buy new homes.
See also: Economy, Housing Market Index, Housing Units, Indicator
 for July were well above the month's 10-year average.

This year, a total of 186 detached de·tach (d-tch)
v.
1. To separate or unfasten; disconnect.
 single-family houses were started, about 26 per cent above the 148 starts reported last year to Aug. 31.

"The 44 units started and 54 permits taken out at the City of Greater Sudbury building services department mean that 2004 stands out as another strong year for housing starts in Greater Sudbury," says Warren Philp, CMHC's Northern Ontario market analyst. CMHC has recorded 320 single-detached housing starts this year in Greater Sudbury.
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Title Annotation:Special Report: Sudbury
Publication:Northern Ontario Business
Article Type:Brief Article
Geographic Code:1CANA
Date:Sep 1, 2004
Words:98
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