Construction

A phased-in subdivision development on the airport hill in North Bay received final approval from city councillors after being held up for a decade.

The second phase of the Bayport Village condominium development is underway with the help of Alterra Group of Companies assisting the Town of Haileybury in implementing and financing the project.

Officials with the City of North Bay say a revenue loss of about $84,000 is a small price to pay to keep home construction costs from escalating as a result of an index rate structure.

Work should begin on Phase 4 of the La Verendrye hospital renovation project in Fort Frances by next spring says a city official. The drawings, which are being fine-tuned, are in progress along with consultations from the Ministry of Health.

The design team of ANO Architects and B. H. Martin Consultants Ltd. has been picked by Timmins city council to develop plans for the long-awaited new library and health-coalition centre.

Home Depot formally announced it is putting down roots in Thunder Bay having acquired 11 acres from Camrose Developments to begin construction on a store this summer at the Thunder Bay Centre. The completion date is fall, 2003.

Single-detached housing starts for the City of Greater Sudbury continue on an upswing, with year-to-date totals to July 46 per cent ahead of last year's figures. Canada Mortage and Housing Corp.

Sudbury housing starts remained strong through July with 39 new single-detached units, establishing a ten-year high for that month according to figures released by Canada Mortgage and Housing Corporation (CMHC).

The City of Kenora has chosen First Professional Shopping Centres to develop a $15-million retail development project. The project will add 150,000 square feet of retail space on a 15-acre site.

North Bay’s real estate market remains strong, and low interest rates continue to be a factor in this trend. Though fewer homes were listed this year - only 1,430 new listings, down from 1,736 last year - sales were ahead 9.