Housing starts in British Columbia
VANCOUVER, BRITISH COLUMBIA`(Marketwired ` May 8, 2014) - Housing starts in British Columbia`s urban areas[sup]1 were trending at 26,020 units in April compared to 25,883 in March, according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR)2[/sup] of housing starts.
`Housing starts stabilized in April with the trend edging slightly higher compared to March`s level,` said Carol Frketich, CMHC`s BC Regional Economist. `To date, the 2014 trend in single-detached starts has been rising, partly offsetting a slow, steady decline in the multiple-unit housing starts trend.`
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