Thunder Bay's Starts Decline in the First Quarter

THUNDER BAY, ONTARIO--(Marketwire - April 11, 2012) - According to preliminary data released today by Canada Mortgage and Housing Corporation (CMHC), Thunder Bay's four single-detached starts in the first quarter were only one half the eight units built last year during the first three months.

"Despite warm weather in the past month, March's one single-detached start coupled with three other starts earlier in 2012 left Thunder Bay totals for the quarter half the five year average for singles of eight 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.

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