Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

September 11, 2012 08:15 ET

August Singles Starts Up Strongly from Last Year

THUNDER BAY, ONTARIO--(Marketwire - Sept. 11, 2012) - According to preliminary data released today by Canada Mortgage and Housing Corporation (CMHC), there were 26 single-detached Thunder Bay starts in August, up from 16 counted in August 2011.

"The 38 total starts comprised of 26 single-detached starts and 12 apartment starts combined to outpace the 16 single-detached units and ten apartments started in August, 2011. The tightening rental market is prompting small scale developers to consider rental four-plexes as a way of responding to the demand for rental accommodation," said Warren Philp, CMHC's Northern Ontario Market Analyst.

As Canada's national housing agency, CMHC draws on more than 65 years of experience to help Canadians access a variety of high quality, environmentally sustainable and affordable housing solutions. CMHC also provides reliable, impartial and up-to-date housing market reports, analysis and knowledge to support and assist consumers and the housing industry in making informed decisions.

For more information, visit www.cmhc.ca or call 1-800-668-2642. CMHC Market Analysis standard reports are also available free for download at CMHC Housing Market Information.

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Contact Information

  • Warren Philp
    Market Analyst
    (807) 343-2016
    wphilp@cmhc.ca

    National Media Contact:
    Charles Sauriol
    Senior Media Relations Officer
    (613) 748-2799
    csauriol@cmhc.ca