Thunder Bay Starts Ahead of Last Year

THUNDER BAY, ONTARIO--(Marketwire - June 8, 2011) - Above average starts activity in May in Thunder Bay CMA lifted total starts twelve per cent so far this year according to preliminary data released today by Canada Mortgage and Housing Corporation. The twenty-two single-detached units, six semi-detached and four row units topped last May's total of 24 units. Year-to-date single-detached starts now total 37 units, three behind last year's count for the same period.

"May new construction activity was spread across the city from Current River to Neebing ward," stated Warren Philp, Northern Ontario Market Analyst with CMHC. "The bulk of single-detached activity still takes place in Red River, McIntyre and Neebing wards coinciding with existing lot supply," explained Philp.

Source: CMHC

The Graph "May Singles Starts Above Ten Year Average" is available at the following address: http://media3.marketwire.com/docs/tbA.pdf

As Canada's national housing agency, CMHC draws on 65 years of experience to help Canadians access a variety of high quality, environmentally sustainable and affordable homes. CMHC also provides reliable, impartial and up-to-date housing market reports, analysis and knowledge to support and assist consumers and the housing industry in making informed decisions.

Our next Housing Starts press release will be June, 2011, coming on July 11, 2011. CMHC's national web-site is located at www.cmhc.ca