Feb 08, 2008

Solid Vancouver Home Starts Point to a Robust Year Ahead

On the heels of one of the busiest years of new home construction, preliminary Vancouver Census Metropolitan Area (CMA) figures from the Canada Mortgage and Housing Corporation (CMHC) show home starts for January keeping pace with last year’s. A slight increase in multiple unit (semi-detached, townhouse and apartment) starts offset a small decline in single family homebuilding to keep the total number of home starts almost exactly on par with those in January 2007. Foundations were poured for 1,332 homes in January, with more than eighty per cent of those being multiple unit projects.

Filed under: Statistics | No Comments »