News

Housing Starts Skyrocket in July

Thursday, August 9, 2012 - 12:27 PM
By Jeff Sargeant
Prince George, B.C.

A trend of improved housing starts in Prince George continued last month as the number of new construction starts more than tripled compared to last year.

A total of 30 new homes broke ground last month compared to just nine in July 2011.

Carol Frketich with the Canada Mortgage and Housing Corporation says it is a good indicator for the economy as a whole.

"It is an indicator of strength in the area and reflects resale market conditions as well, population growth, a number of factors behind that level of activity," said Frketich.

Outside of Chilliwack, which saw a four-fold rise in new housing starts in July, Prince George led the province in new home construction.

Year-to-date new home starts are up 46% in Prince George compared to a provincial average of just nine percent.



 

More Local

 

 

Not yet a member?
Login
Email
Password
Forgot Password?

Classifieds


$Varies
250-962-0888
 
$Varies
250-962-0888
 
$25
778-349-2400
 
$990.00
250 392 0840