CMHC reports that overall housing starts are up in BC this February from last, thanks to an increase in the number of new multi-family dwelling projects across urban centres.
The trends continue all over urban BC, with Nanaimo, Victoria, Abbotsford, and Chilliwack among the cities recording an increase.
“Residential construction activity during the first two months of 2012 is ahead of last year’s levels due to strength in a number of housing markets around the province,” said Carol Frketich, CMHC’s BC Regional Economist.
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