Surge in local housing starts
Posted June 8, 2011 10:21 am.
This article is more than 5 years old.
VANCOUVER (NEWS1130) – Metro Vancouver had a 70 per cent surge in housing starts last month compared to a year earlier, according to a federal agency.
Construction began on 1,991 units in May, led by condo projects. For all of BC, housing starts rose 33 per cent to 2,577.
Nationwide, Canada Mortgage and Housing Corporation says housing starts fell seven per cent year-over-year but rose fractionally month-over-month.