Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

May 09, 2011 08:15 ET

Thunder Bay Starts Pick Up in April

THUNDER BAY, ONTARIO--(Marketwire - May 9, 2011) - Starts activity picked up April in Thunder Bay CMA with seven single-detached units breaking ground according to preliminary data released today by Canada Mortgage and Housing Corporation. The seven units were one unit ahead of the ten year average for singles starts. Year-to-date single-detached starts now sit at 15 units, one unit back of last year's count for the same period.

To view the graph included with this release, please visit the following link:

http://media3.marketwire.com/docs/aprilstarts1.pdf

"Despite expectations for an improved year in the multi-family house segment, no semi, row or apartment starts have broken ground yet in the CMA," noted Warren Philp, Northern Ontario Market Analyst with CMHC. "A tight resale market should translate into more new home activity, especially as the weather begins to warm up given the unseasonably cool spring," suggested Philp.

To view the table included with this release, please visit the following link:

http://media3.marketwire.com/docs/urbanhousing2.pdf

As Canada's national housing agency, CMHC draws on 65 years of experience to help Canadians access a variety of high quality, environmentally sustainable and affordable homes. 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.

Aussi disponible en francais.

Our next Housing Starts press release will be May, 2011, coming on June 8, 2011. CMHC's national web-site is located at www.cmhc.ca

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