House prices down
The average residential sale price for a home in Sudbury for December 2002 was $100,858 as compared to $103, 253 for the same month one year ago.
The average year-to-date sale price for the year ending 2002 was $111,113, which is a slight increase from the $107,761 figure for the corresponding period last year.
A total of 2,013 residential units were sold across the City of Greater Sudbury in 2002 as compared to 1,925 units in 2001.
As of Dec. 31, there were 1,101 active residential units listed with the Sudbury Real Estate Board as compared to 1,232 in December of the previous year.
Housing starts up
Housing starts continue to boom across the City of Greater Sudbury.
December was another banner month as the City of Greater Sudbury closed out a good year for home builders, according to figures released by Canada Mortgage and Housing Corporation (CMHC).
In fact, all four major northeastern Ontario centres tracked by CMHC registered increases over 2001.
Greater Sudbury experienced the highest level of single-detached starts with 25 new starts in December and 292 for the year.
?This strong showing in Greater Sudbury in 2002 bodes well for the future, especially since the fourth quarter was so strong,? said Warren Philp, CMHC Northern Ontario market analyst. ?Eighty-three units were started in the fourth quarter, nearly twice the five-year average for Greater Sudbury, which certainly leaves us hopeful that 2003 will be another bright year.?
The Warren & District Lions Club is sponsoring its annual Snowflake Festival Hockey Tournament at the Warren Arena starting Friday, Feb. 28 and continuing all weekend.
The first 12 teams who pay will be accepted into the sportsman division as will the first 12 teams in the 35 and over and 45 and over oldtimers divisions. The entry fee is $350 per team and each team will be guaranteed three games. To register, contact Steven Olsen at 967-0540, John Groulx at 967-0604 or Norm Pellerin at 674-0361.