Friday, September 9, 2011

Housing starts drop in August

It remains a hot year for housing starts in Thunder Bay, despite a small drop last month. Canada Mortgage and Housing Corporation Analyst Warren Philp says there were 26 starts last month, which is a drop of 13 from the same month last year.  Philp says with 171 housing permits taken out in June, he expects the hot construction market to continue this year.