Thursday, August 9, 2012
Housing Starts Up Again
The number of housing
starts in Thunder Bay continues to be above normal. Canada Mortgage and Housing
Corporation says there were 42 total Thunder Bay starts in July surpassing July
of last year. 28 homes, 2 duplexes and 12 condominium starts were reported last
month which beats the 34 starts compared to last year during the same time
period. Market Analyst for C.M.H.C. Warren Philp says "Rising prices in the
resale market are encouraging more denser forms of housing construction that
offer more choice to consumers."