PG Housing Starts Up
Prince George, B.C. – April was a good month for the construction industry in Prince George.
The Canada Mortgage and Housing Corporation (CMHC) says there were 126 housing starts in April compared with 36 units in 2015.
“This was largely driven by the multiple unit side of the market where there was 110 units that got underway for the month compared to 18 in April of last year,” says senior market analyst Taylor Pardy.
“And so this jump in multi unit construction was a result of a large condo project that got underway.”
The news wasn’t as positive though when it came to single dwelling starts.
“Those are actually down relative to the first four months of 2015 (and down from 18 in April 2015 to 16 in 2016). There were 52 last year compared to 39 to date this year which represents a difference of 15 units,” he says.
“Builders may be looking to complete new projects that are currently underway before moving onto new ones which has led to a moderation in the number of units under construction in the last few months.”
Year to date housing starts have more than doubled with 152 in 2016 compared to 73 in 2015 – again thanks to multiple dwelling starts.
CMHC says there has been 113 so far this year compared to 21 in 2015.
Comments
Prince George’s population has been shrinking, in fact its been many years since the population has increased any substantial amount year over year. So why the obsession on housing starts, instead of population growth/decline?
www .princegeorgecitizen.com/news/local-news/prince-george-is-shrinking-1.2161595
The real growth in Prince George is in the number of people who cannot afford to build or own single family housing units, or condos. “Locally, 18.4% of youth in the Regional District of Fraser Fort George live in poverty. Those numbers are even higher when looking at children under 6 in the City of Prince George (21%).” But let’s not look at anything considered negative, we must concentrate on the “small” positives that we can find and emphasize… after all there is an election coming… Hell Yeah Prince George! ;-)
Words from Italy’s highest court ” Stealing small amounts of food to stave off hunger is not a crime, Italy’s highest court of appeal has ruled” . Didn’t a young man just go to jail in PG for being hungry ?
I do not know. Did he? Why not research and then post the info which is fact based.
Nobody goes to jail for being hungry. Stealing however can have serious consequences. We have big problems though in our society, for sure! This is the second largest country in the world, with enormous resources of all kinds (oil, coal, natural gas, all kinds of ores of metals and minerals, farmland and forests stretching over the horizons in all four directions, fisheries and ocean…)! Canada should never need to have food banks and soup kitchens and even one person suffering from hunger. The priorities of those in power are all screwed up.
It is a shameful situation, in my humble opinion.
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