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2012-06-08 at 14:11

Home construction season in 2012 looking to be a busy one

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By tbnewswatch.com

This year continues to be a good one for new home construction in the Thunder Bay area. 

Officials with the Canada Mortgage and Housing Corporation say contractors broke ground on 22 new single-detached homes last month.  That matches the number recorded in May of last year. 

So far in 2012, there have been 41 new housing starts, compared to 37 starts recorded by this time last year. 

The next few months could be even busier, as there were 35 building permits issued last month. 

That's the highest number for a single month since 1994.  The CMHC's Warren Philp says that bodes well for the next couple of months.

However, the recent flooding problems in Thunder Bay may also become a factor. 

Philp says many of those new home builds could be delayed if local contractors are busy with restoration work in the East End and other parts of the city.
 

Tbnewswatch.com(0)

Banner/Vector Construction

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