Wednesday, December 8, 2010

Housing Starts slowed in November

Thunder Bay is having a solid year for housing starts.  There was a slight slowdown in November, but so far this year there have been 191 single family starts.  Canada Mortgage and Housing Corporation's Market Analyst Warren Philp says only ten single detached units broke ground last month.  Philp says tighter resale market conditions have meant higher levels of new home construction.