More new houses and apartments are being build in Thunder Bay this year that last. Warren Philp of Canada Mortgage and Housing says that there has been a 30 per cent increase in the total number of new projects so far this year compared to last, but that isn't enough to fill the void because of a tight resale market. So far this year there has been a 5 per cent drop in the number of single family home starts compared to last year.
Friday, August 9, 2013
Resale Housing Market Offsets New Starts
More new houses and apartments are being build in Thunder Bay this year that last. Warren Philp of Canada Mortgage and Housing says that there has been a 30 per cent increase in the total number of new projects so far this year compared to last, but that isn't enough to fill the void because of a tight resale market. So far this year there has been a 5 per cent drop in the number of single family home starts compared to last year.
