Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

January 11, 2011 08:15 ET

Thunder Bay Singles Starts Top 200 for First Time Since 2004

THUNDER BAY, ONTARIO--(Marketwire - Jan. 11, 2011) - Thirteen single-detached starts in December in Thunder Bay CMA lifted the total number of housing starts to 204, up almost 23 per cent from 2009, according to preliminary data released today by Canada Mortgage and Housing Corporation (CMHC). A slightly above average fourth quarter secured a solid year for single-detached construction. 

"After a relatively slow beginning to 2010, starts hit their stride in May and for the following five months at least 20 foundations were poured each month. An improving economy, increased in-migration, low mortgage rates and a reasonably tight resale market have provided good conditions for the new home market over the past year," according to CMHC's Market Analyst Warren Philp.

To view the graph associated with this release, please click here: http://media3.marketwire.com/docs/cmhc0111tbay.jpg.

Starts activity was most frequent in Neebing ward, followed by McIntyre and Red River within the city limits, while Oliver-Paipoonge and Shuniah Townships witnessed the most in the outlying municipalities within the Census Metropolitan Area.

The 48 single-detached units started in the fourth quarter were just above the five-year average for fourth quarters in Thunder Bay CMA. Multiple unit development picked up slightly in 2010. Eighteen semi, row and apartment units started in 2010, up from 14 last year.

URBAN HOUSING STARTS
DECEMBER
  Single Family Semis, Rows, Condos and Apartments Total
  2009 2010 % chg 2009 2010 % chg 2009 2010 % chg
Thunder Bay 8 13 62.5 0 0 -- 8 13 62.5
 
YEAR-TO-DATE: JANUARY TO DECEMBER
  Single Family Semis, Rows, Condos and Apartments Total
  2009 2010 % chg 2009 2010 % chg 2009 2010 % chg
Thunder Bay 166 204 22.9 14 18 28.6 180 222 23.3
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 January, 2011, coming on February 8, 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 :
    Canada Mortgage and Housing Corporation
    Thunder Bay: 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