August 2015 housing starts in BC
VICTORIA, BRITISH COLUMBIA--(Marketwired - Sept. 9, 2015) - Housing starts in British Columbia's urban areas1 were trending at 31,696 units in August compared to 31,099 units in July, 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 of housing starts.
"Housing starts in British Columbia have been trending higher over the past three months, due to gains in multiple-family starts," said Carol Frketich, CMHC Regional Economist for BC. "Single- detached starts have remained relatively stable since February. Gains in multiple-family starts have been driven by a combination of rental and condominium projects," said Frketich.
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