Housing Starts Dip in Prince George
Prince George, B.C. – Housing starts in the Prince George were down in July compared to where they were in July of last year.
According to CMHC, there were 25 single family home starts last month, compared to 29 in July of 2016.
The year to date numbers are off the mark as well, but that is because of the reduction in starts for multiple family units. From January to end of July last year, there had been 116 multiple family unit starts, while during the same period this year, there have been just 27.
There has been little change in the starts for single family dwellings during the 7 months of this year , with 95 such starts, compared to 94 during the same period a year ago.
Among urban centres with populations of 50 thousand to 99 thousand, Chilliwack, Courtney and Nanaimo have all seen increases in the total housing starts for the first seven months of 2017 compared to the same period last year.
Prince George, Kamloops, and Vernon all experienced year to date declines, all related to a drop in the number of starts for multiple family units in their respective communities.