Prince George Home Construction Numbers Up

Tuesday, October 09, 2007 11:27 AM

As of the end of September, housing starts in Prince George were up over the year to date figures for 2006.

According to Canada Mortgage and Housing, in Prince George, there were 239 single family homes started between January and the end of September this year, a 13.8% increase over the 210 starts for the same period in 2006.

As for multiple family units, there have been 22 started between January and the end of September in 2007, compared to 37 starts during the same period in 2006. That’s a drop of 40.5%.

Overall, the year to date picture shows a 5.7% increase in overall starts for the first nine months of 2007. There were 261 construction starts this year, compared to 247 for the first nine months of 2006.

For several other communities, it was the construction of multiple family units which buoyed the market.

Kelowna’s starts were up 1.6 % overall, with a 3.8 % increase in multiple family unit construction offsetting the losses in single family residential starts.

Kamloops has an overall increase of 8.6% with a 47.3% increase in multiple family units,

Nanaimo is showing an overall increase of 1.3%, with 18.3% more multi-family units started, and Chilliwack is showing an overall increase in housing starts of 45.6% and that is because of the 122.6% increase in multiple family units.

Of the urban centres surveyed, only Prince George and Abbotsford are recording year to date increases in single family residential starts.

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