Tuesday, July 10, 2012

CMHC Releases Housing Stats

Thunder Bay's experiencing a boom in it's second quarter housing starts.  Canada Mortgage and Housing Analyst Warren Philp says the 39 single detached housing starts in June is 13 higher than the 10-year average.  In contrast, housing construction of semi-detached, row and apartment construction is still negligible, leaving total starts off 12 percent from 2011.