BC Housing Starts High a Record

February saw BC housing starts hit a record high at 5,780 units SAAR. The record setting pace of new construction was a result of new home and apartment construction which were up 183% year over year.

Housing starts in Metro Vancouver were up 199% year over year in February 2016.

Where else set housing start records in February? Victoria, Kelowna and Abbotsford/Mission.

Strong net migration into BC is creating a demand for housing.

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