Home building starts in Sudbury have jumped almost 50 per cent in the first six months of this year compared to 2001.
After languishing in the doldrums for years, the Canadian Mortgage and Housing Corp. says low mortgage rates and confidence in the Sudbury economy has spurred new construction.
Fifty single-family homes were started by the end of June this year, compared to 35 last year. Building permits, an indicator of future growth, were also up more than 50 per cent with the city issuing $84.7 million worth of permits, compared to $36.2 million during the same timeframe last year.
Much of the ongoing construction projects centre around the Sudbury Airport renovations, cancer care centre expansions, renovations at Sears and a new Cambrian College student residence.