{"title":"Thunder Bay housing market indicators","description":"Latest official housing indicators for Thunder Bay: housing starts (last 12 months), completions (last 12 months), homes under construction, dwelling units permitted (last 12 months), rental vacancy rate, average rent, 2-bedroom, asking rent, 2-bedroom apartment, unsold new homes (unabsorbed inventory), new homes absorbed (last 12 months), population, new homes completed per 100 added residents, completions per 1,000 residents, starts per 1,000 residents, supply momentum (percentile).","page":"https://canadahousingmarketdata.ca/housing/thunder-bay","publisher":"Canada Housing Market Data","sources":["CMHC","Statistics Canada"],"license":"https://www.statcan.gc.ca/en/reference/licence","attribution":"Source: CMHC, Statistics Canada. Compiled by Canada Housing Market Data.","citation":"Canada Housing Market Data, \"Thunder Bay housing market indicators\", based on CMHC and Statistics Canada data, updated 2026-11-14. https://canadahousingmarketdata.ca/housing/thunder-bay","dateModified":"2026-11-14T03:46:42.687411+00:00","columns":["area","indicator","key","value","unit","change","change_unit","change_basis","reference_date","reference_period","frequency","source"],"rows":[{"area":"Thunder Bay","indicator":"Housing starts (last 12 months)","key":"starts","value":403,"unit":"units","change":33,"change_unit":"percent","change_basis":"vs prior 12 months","reference_date":"2026-09-01","reference_period":"Sep 2026","frequency":"monthly","source":"CMHC"},{"area":"Thunder Bay","indicator":"Completions (last 12 months)","key":"completions","value":187,"unit":"units","change":-34.15,"change_unit":"percent","change_basis":"vs prior 12 months","reference_date":"2026-09-01","reference_period":"Sep 2026","frequency":"monthly","source":"CMHC"},{"area":"Thunder Bay","indicator":"Homes under construction","key":"under_construction","value":569,"unit":"units","change":61.19,"change_unit":"percent","change_basis":"vs 12 months earlier","reference_date":"2026-09-01","reference_period":"Sep 2026","frequency":"monthly","source":"CMHC"},{"area":"Thunder Bay","indicator":"Dwelling units permitted (last 12 months)","key":"permits_units","value":616,"unit":"units","change":101.97,"change_unit":"percent","change_basis":"vs prior 12 months","reference_date":"2026-09-01","reference_period":"Sep 2026","frequency":"monthly","source":"Statistics Canada"},{"area":"Thunder Bay","indicator":"Rental vacancy rate","key":"vacancy","value":4.3,"unit":"%","change":1,"change_unit":"percentage points","change_basis":"pts vs prior year","reference_date":"2025-10-01","reference_period":"October 2025 survey","frequency":"annual","source":"CMHC"},{"area":"Thunder Bay","indicator":"Average rent, 2-bedroom","key":"rent_2br","value":1493,"unit":"$ / month","change":3.82,"change_unit":"percent","change_basis":"vs prior year","reference_date":"2025-10-01","reference_period":"October 2025 survey","frequency":"annual","source":"CMHC"},{"area":"Thunder Bay","indicator":"Asking rent, 2-bedroom apartment","key":"asking_rent_2br","value":1980,"unit":"$ / month","change":6.45,"change_unit":"percent","change_basis":"vs 12 months earlier","reference_date":"2026-04-01","reference_period":"Apr 1, 2026","frequency":"quarterly","source":"Statistics Canada"},{"area":"Thunder Bay","indicator":"Unsold new homes (unabsorbed inventory)","key":"unabsorbed","value":1,"unit":"units","change":-85.71,"change_unit":"percent","change_basis":"vs 12 months earlier","reference_date":"2026-09-01","reference_period":"Sep 2026","frequency":"monthly","source":"CMHC"},{"area":"Thunder Bay","indicator":"New homes absorbed (last 12 months)","key":"absorptions","value":32,"unit":"units","change":28,"change_unit":"percent","change_basis":"vs prior 12 months","reference_date":"2026-09-01","reference_period":"Sep 2026","frequency":"monthly","source":"CMHC"},{"area":"Thunder Bay","indicator":"Population","key":"population","value":133765,"unit":"persons","change":0.35,"change_unit":"percent","change_basis":"vs one year earlier","reference_date":"2025-01-01","reference_period":"July 1, 2025","frequency":"annual","source":"Statistics Canada"},{"area":"Thunder Bay","indicator":"New homes completed per 100 added residents","key":"completions_per_100_new_residents","value":40.65217391304348,"unit":"per 100","change":null,"change_unit":null,"change_basis":"vs prior 12 months","reference_date":"2026-09-01","reference_period":"Sep 2026","frequency":"monthly","source":"CMHC"},{"area":"Thunder Bay","indicator":"Completions per 1,000 residents","key":"completions_per_1000","value":1.3979740589840393,"unit":"per 1,000","change":null,"change_unit":null,"change_basis":"vs prior 12 months","reference_date":"2026-09-01","reference_period":"Sep 2026","frequency":"monthly","source":"CMHC"},{"area":"Thunder Bay","indicator":"Starts per 1,000 residents","key":"starts_per_1000","value":3.0127462340672078,"unit":"per 1,000","change":null,"change_unit":null,"change_basis":"vs prior 12 months","reference_date":"2026-09-01","reference_period":"Sep 2026","frequency":"monthly","source":"CMHC"},{"area":"Thunder Bay","indicator":"Supply momentum (percentile)","key":"supply_momentum","value":96.875,"unit":"percentile","change":null,"change_unit":null,"change_basis":null,"reference_date":null,"reference_period":null,"frequency":null,"source":null}]}