Housing starts in B.C. urban areas up sharply in January
VANCOUVER -- Housing starts in British Columbia`s urban centres were up 28 per cent in January compared to December, with condominiums remaining the dominant housing form, Canada Mortgage and Housing Corp. reported Wednesday.
CMHC`s latest report showing new residents are likely choosing multi-family housing for their homes was released the same day Statistics Canada released census data showing B.C.`s population grew to 4.4 million over the last five years, making it the second-fastest growing province next to Alberta.
In actual numbers, there were 2,045 starts in all of B.C. in January, 1,605 of them in multi-family projects, which was up eight per cent from 1,891 starts, with 1,524 in the multi-family category in January 2011.
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