Housing starts in BC urban centers fell 11.1 per cent on a monthly basis to 22,273 units SAAR.
On a year-over-year basis, housing starts were 5 per cent higher compared to February 2014.
Single-detached starts were 11 per cent higher year-over-year while multiple units were up 1 per cent compared to this time last year.
Looking at census metropolitan areas (CMA) in BC, total starts in the Vancouver CMA were down 11 per cent year-over-year due to a 22 per cent decline in multiple starts.
Single-detached starts in Vancouver were 24 per cent higher.
Will lower inventory place pressure on prices?
March 9, 2015