Monday, February 8, 2010

Modest increase in housing starts

The new year is starting out slowly for housing starts in Thunder Bay. Canada Mortgage and Housing Corporation reports there were four starts last month...that is up only slightly from the two at the same time last year. CMHC's Warren Philp admits its a modest start, but in keeping with the ten year average. Philp says the creation of some new subdivisions in the city holds promised for additional housing starts this year.