THUNDER BAY – Single-detached housing starts in January were up by two units over last year’s total of four. The month’s activity was also two units ahead of the ten year average for the month of January according to preliminary data released today by Canada Mortgage and Housing Corporation (CMHC).
“The new construction market has kicked off on a positive note. The six single-detached starts are quite good given the weather in January, which was quite a cold month,” observed Warren Philp, Northern Ontario Market Analyst with CMHC. “Tighter resale market conditions in Thunder Bay have spilled over into higher levels of new home construction.”