Thunder Bay's January Starts Behind 10 Year Average

THUNDER BAY, ONTARIO--(Marketwire - Feb. 8, 2012) - According to preliminary data released today by Canada Mortgage and Housing Corporation (CMHC), Thunder Bay's three single-detached starts in January were down from the six units built last January and also below the 10-year average.

"Despite warm weather in the past month, January's three single-detached starts were slightly below the ten year average for singles of four units," 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.

To view the figure associated with this press release, "January Singles Starts Down From Last Year," please visit the following link: http://media3.marketwire.com/docs/TBJansingles0802.pdf.

To view the table associated with this press release, "January Housing Starts," please visit the following link: http://media3.marketwire.com/docs/TBJanhousing0802.pdf.

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