Housing Starts Down In P.G.
By 250 News
Monday, June 08, 2009 12:26 PM
Prince George, B.C.- Housing starts in Prince George in May were down 84% compared to the same month a year ago and the year to date starts are off nearly 76%. That’s the latest information from Canada Mortgage and Housing
The decline is not out of line with what CMHC predicted for this year. It also predicts low mortgage interest rates and buyers’ market conditions will encourage housing purchases, which should help absorb the existing inventories of new and resale housing.
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PG's future should be built on quality of life IMO, because unless people want to live here this city has a dwindling future much like its housing industry.