Business

Housing starts showing some growth

The Canada Mortgage and Housing Corporation reported last week that Kelowna area housing starts totalled 173 in July 2011 compared to 64 the same month a year ago.

“Multi-family construction, including townhouses and apartment condominiums, boosted July housing starts to the highest monthly level this year,” said CMHC market analyst Paul Fabri.

“Detached home starts were lower than in July 2010.”

Kamloops was in a similar position to Kelowna, while Vernon and Penticton housing starts were down from levels recorded in July 2010.

Nationally, the seasonally adjusted annual rate of total housing starts increased to 205,100 units in July, from 196,600 units in June.

In B.C. July’s seasonally adjusted rate of urban housing starts moved higher to 28,200 units for July compared to 21,200 units in the previous month.

 

We encourage an open exchange of ideas on this story's topic, but we ask you to follow our guidelines for respecting community standards. Personal attacks, inappropriate language, and off-topic comments may be removed, and comment privileges revoked, per our Terms of Use. Please see our FAQ if you have questions or concerns about using Facebook to comment.

Community Events, August 2014

Add an Event

Read the latest eEdition

Browse the print edition page by page, including stories and ads.

Aug 29 edition online now. Browse the archives.