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.