Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

March 08, 2010 08:15 ET

Canada Mortgage and Housing Corporation: Thunder Bay Starts Up Slightly from Last Year

THUNDER BAY, ONTARIO--(Marketwire - March 8, 2010) - Three single-detached starts in February in Thunder Bay CMA were equal to the number started last February according to data released today by Canada Mortgage and Housing Corporation (CMHC). The three units combined with the four units last month brought year-to-date starts to seven units, two units ahead of the total for the first two months last year.

"The three single-detached ownership units were combined with two semi-detached units this month which brings total starts to nine units for the year," according to CMHC's Market Analyst Warren Philp. "After two months, the resale market appears to be strengthening following a quieter year in 2009. This bodes well for the new construction market heading towards spring," summarized Philp.

To view the graph associated with this press release, please visit the following link: http://media3.marketwire.com/docs/TB0308.pdf

URBAN HOUSING STARTS
FEBRUARY
  Single Family Semis, Rows, Condos and Apartments Total
  2009 2010 % chg 2009 2010 % chg 2009 2010 % chg
Thunder Bay 3 3 -- 0 2 ** 3 5 66.7
 
YEAR-TO-DATE: JANUARY TO FEBRUARY
  Single Family Semis, Rows, Condos and Apartments Total
  2009 2010 % chg 2009 2010 % chg 2009 2010 % chg
Thunder Bay 5 7 40.0 6 2 -66.7 11 9 -18.2
Source: CMHC              

As Canada's national housing agency, CMHC draws on more than 60 years of experience to help Canadians access a variety of quality, environmentally sustainable, and affordable homes — homes that will continue to create vibrant and healthy communities and cities across the country.

Aussi disponible en francais.

Our next Housing Starts press release will be March, 2010, coming on April 12, 2010. CMHC's national web-site is located at www.cmhc.ca

Contact Information

  • Thunder Bay:
    Canada Mortgage and Housing Corporation
    Warren Philp
    (807) 343-2016
    wphilp@cmhc.ca
    or
    En francais:
    Canada Mortgage and Housing Corporation
    Sandra Perez-Torres
    (613) 748-5120
    sperezto@schl.ca
    or
    Ontario:
    Canada Mortgage and Housing Corporation
    Ted Tsiakopoulos
    (416) 218-3407
    ttsiakop@cmhc.ca
    or
    Canada:
    Canada Mortgage and Housing Corporation
    Charles Sauriol
    (613) 748-2799
    csauriol@cmhc.ca