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October 28, 2017 12:47 am

Housing Starts Up In P.G. Last Year

Monday, January 11, 2016 @ 9:06 AM

Prince George, B.C.-  Canada Mortgage and Housing  reports  housing starts were up in most  urban centres  in B.C.  in 2015, and  Prince George was no exception.

Over the past year,  Prince George saw  269 housing starts,   up from  the 158 starts recorded by CMHC  in 2014.

There were  169 single family dwelling starts, compared to  133 in the previous  year,  and  100 multiple family dwelling starts, up from  just 25  in 2014.

Across the province,  housing starts in  urban areas were trending at 30,598 units in December compared to 30,840 units in November.

The trend level of housing starts has hovered just over 30,000 units since mid-2015, a level consistent with an active resale housing market and underlying population and employment growth in the province,” said Carol Frketich, CMHC Regional Economist for BC. “For the year as a whole, housing starts in BC increased compared to 2014 as more single-detached and multiple-family homes got underway.  Most centres in the province recorded increased housing starts last year.”

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