Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

December 08, 2010 08:15 ET

Thunder Bay Construction Slowed in November

THUNDER BAY, ONTARIO--(Marketwire - Dec. 8, 2010) - After a busy six consecutive months, starts activity slowed in November with only ten single-detached units breaking ground according to data released today by Canada Mortgage and Housing Corporation. Still year-to-date single-detached starts to 191 units, up nearly 21 per cent from last year's eleven month total.

To view the graph associated with this release, please visit the following link: http://media3.marketwire.com/docs/cmhc1208tbay.jpg.

"Singles starts came in at seven units below the ten year average for the month," observed Warren Philp, Northern Ontario Market Analyst with CMHC. "However, Thunder Bay has already seen more total starts this year than in 2009 with 191 single-detached units started for the first 11 months compared to 158 for the same period in 2009. Tighter resale market conditions in Thunder Bay have spilled over into higher levels of new home construction," concluded Philp.

Although limited in number, starts of semis, rows and apartment units are ahead of 2009 also, albeit by only four units. There have been 18 such starts this year compared to 14 last year.

URBAN HOUSING STARTS
NOVEMBER
  Single Family Semis, Rows, Condos and Apartments Total
  2009 2010 % chg 2009 2010 % chg 2009 2010 % chg
Thunder Bay 14 10 -28.6 0 4 100.0 14 14 --
 
YEAR-TO-DATE: JANUARY TO NOVEMBER
  Single Family Semis, Rows, Condos and Apartments Total
  2009 2010 % chg 2009 2010 % chg 2009 2010 % chg
Thunder Bay 158 191 20.9 14 18 28.6 172 209 21.5
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 December, 2010, coming on January 11, 2011. 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 français : 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
    www.cmhc.ca