The Canada Mortgage and Housing Corporation is forecasting a strong year for Thunder Bay. Analyst Warren Philp says we should see a 22 percent increase in total starts this year due mainly to an increase in multi family dwellings. Philp says there has been a demand for condos in Thunder Bay for the past couple decades that hasn't been met yet. Philp says the resale market should stay strong as well.
Monday, May 30, 2011
CMHC forecast looks good for Thunder Bay
The Canada Mortgage and Housing Corporation is forecasting a strong year for Thunder Bay. Analyst Warren Philp says we should see a 22 percent increase in total starts this year due mainly to an increase in multi family dwellings. Philp says there has been a demand for condos in Thunder Bay for the past couple decades that hasn't been met yet. Philp says the resale market should stay strong as well.
