March 2026 Thunder Bay Market Report
March 1, 2026
Executive Video Summary
Market Trend Commentary
The spring market has arrived early. CMHC January data shows a massive pivot toward multi-unit development with 'All Others' starts up 471% year-over-year. The total housing starts 6-month SAAR trend is up 40%, indicating a significant acceleration in construction sentiment despite single-detached starts decreasing slightly by -4%. The Market is currently absorbing inventory as fast as it hits the ground.
Neighbourhood Highlights
Westfort and Current River are showing the highest week-over-week showing activity. Northwood continues to dominate investor interest due to high student rental yields from the nearly 4,000 international and domestic learners returning to the region.
Make Strategic Moves
Data is only valuable if you know how to leverage it. Book a strategy call to apply these insights to your specific property or portfolio.