Thursday, March 8, 2012

Housing starts down last month

Canada Mortgage and Housing is reporting that Thunder Bay had no new housing starts last month.  Analyst Warren Philp says that's not a reason for concern since it's not uncommon for there to be no starts counted in a month like February given the nature of the residential construction industry in the North.  Year to date construction starts are sitting at 3 units down from seven in 2011.