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.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.