Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

April 12, 2010 08:15 ET

Four Starts in Thunder Bay

THUNDER BAY, ONTARIO--(Marketwire - April 12, 2010) - There were four preliminary housing starts recorded in March in Thunder Bay compared to none last March. The four starts in March pushed activity ahead of 2009 for the quarter ending March 31st, according to data released today by Canada Mortgage and Housing Corporation.

"The four single-detached in March, combined with seven singles and two semis in the first two months of the year brings total starts to 13 units, up from 11 for the first quarter in 2009." stated Warren Philp, Northern Ontario Market Analyst with CMHC. "Low inventories in the resale market have contributed to spark interest in new construction. Expect this trend to continue as long as supply in the existing home market remains scarce" added Philp.

To view the graph associated with this release, please visit the following link: http://media3.marketwire.com/docs/Thunder%20Bay.pdf

URBAN HOUSING STARTS
MARCH
  Single Family Semis, Rows, Condos and Apartments Total
  2009 2010 % chg 2009 2010 % chg 2009 2010 % chg
  Thunder Bay 0 4 ** 0 0 -- 0 4 **
 
YEAR-TO-DATE: JANUARY TO MARCH
  Single Family Semis, Rows, Condos and Apartments Total
  2009 2010 % chg 2009 2010 % chg 2009 2010 % chg
  Thunder Bay 5 11 120.0 6 2 -66.7 11 13 18.0
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 for April 2010, coming on May 10, 2010. CMHC's national web-site is located at www.cmhc.ca

Contact Information

  • For additional information please contact/Pour obtenir de
    plus amples renseignements, veuillez communiquer avec:
    Thunder Bay: Canada Mortgage and Housing Corporation
    Warren Philp
    (807) 343-2016
    wphilp@cmhc.ca
    or
    En francais:
    Canada Mortgage and Housing Corporation
    Ed Heese
    (416) 218-3369
    eheese@schl.ca
    or
    Canada:
    Canada Mortgage and Housing Corporation
    Charles Sauriol
    (613) 748-2799
    csauriol@cmhc.ca