June 2015 housing starts in Vancouver
VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 9, 2015) - Housing starts in the Vancouver Census Metropolitan Area (CMA) were trending at 20,091 units in June compared to 19,408 units in May, according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR)(1)of housing starts.
"While single-detached home building held steady in June, multiple-unit starts trended higher. Apartment and town home construction drove the increase in the trend measure of housing starts this month," said Robyn Adamache, CMHC Principal Market Analyst for Vancouver. "So far this year, town home building has been focused in Surrey and Langley, while new apartment projects have been concentrated in Burnaby, North Vancouver, Richmond, Surrey and the City of Vancouver."
Read the full article
here.