Housing starts in BC continued on a near record setting pace, up close to 40 per cent to 47,984 units SAAR.
On a year-over-year basis, new home construction was up 36 per cent, driven higher by growth in apartments and other multi-family units, which were up 49 per cent on a year-over-year basis while single-detached starts were 3 per cent higher in June. T
hrough the first half of the year, BC housing starts are up 42 per cent compared to 2015.
Looking at census metropolitan areas (CMA) in BC, total starts in the Vancouver CMA were up 38 per cent year-over-year in June as a result of a 50 per cent increase in multiple unit starts.
Single-detached starts in the Vancouver CMA were down 4 per cent.
July 11, 2016