BC's Housing Starts Rising!

New home construction in BC's cities climbed 20 cent in March to 26,276 units, up 6 per cent compared to March 2013. New single-family home construction rose 35%, but multi family construction dropped a bit.

Looking at census metropolitan areas (CMA) in BC, total start change over last year...

  • Vancouver - up 2% in March, with a 30% increase in single-family units
  • Victoria - starts fell 4% 
  • Kelowna - starts more than doubled over last year, gains in both single & multiple unit starts
  • Abbotsford-Mission - sharply lower for the second consecutive month

The BC labour market gained a whopping 18,300 jobs in March, the highest monthly gains in over two years. The majority of the gains were full-time employment. The provinces unemployment rate fell to 5.8%, the lowest since December 2008.

A great time to look for your new home. Doren or Jim will be happy to talk to you about your goals and dreams.


There are no comments

Thank you! Your comment has been submitted and is awaiting approval.

DQ Team

DQ Team

CENTURY 21 Desert Hills Realty (2010) Ltd.
Contact Us