Healthy Second Quarter Single Starts in Thunder Bay

THUNDER BAY, ONTARIO--(Marketwire - July 10, 2012) - According to preliminary data released today by Canada Mortgage and Housing Corporation (CMHC), there were 39 single-detached Thunder Bay starts in June, rounding out a strong second quarter.

"The 39 single-detached starts are 13 units higher than the ten year average for the month of June. In contrast, housing construction of semi-detached, row and apartment construction is still negligible, leaving total starts off 12.1 per cent from 2011. Nevertheless, given the pent-up demand that exists for condominiums, more high-density housing starts are expected as the year progresses," 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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