BC housing starts climbed 7% in August, rising to 27,331 units SAAR. On a year-over-year basis, housing starts were down 2 per cent with single detached starts falling 5 per cent year-over year while multiple unit starts were flat compared to this time last year. Year-to-date, total housing starts in BC are up 10 per cent compared to 2014.
Looking at census metropolitan areas (CMA) in BC, total starts in the Greater Vancouver were down 7% year-over-year in August as a result of slowing construction of multiple units, which fell 10 per cent year-over-year
october 8, 2015