Housing Starts Down

Wednesday, July 09, 2008 11:00 AM

Prince George, B.C. - Housing starts were down 14.3% in June in Prince George and down more than 27% for the first half of the year.

CMHC says not to worry, things aren't as bad as the stats would indicate as 2007 was a record high year of housing starts so when stats are compared to historic numbers, the numbers are actually not out of line.

Housing starts in June for the entire province were down by 10.8% .

Here are the urban housing start details:

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Posted on Wednesday, July 09, 2008 11:00 AM in News by 250 News

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Comments

Posted by: MrPG on July 9 2008 11:47 AM

One only need to take a drive by Tyner Blvd to see a good example of what happened to the housing starts.

Posted by: Nowicki on July 9 2008 5:09 PM

The second table on Urban BC is in line with immigration patterns in BC. It seems that the bubble of house prices in PG is bursting and the PG house prices will continue their fall after a 2 year period of sharp rise.

Posted by: owl on July 9 2008 9:47 PM

"CMHC says not to worry, things aren't as bad as the stats would indicate as 2007 was a record high year of housing starts"

CMHC has a very short memory. Good thing they do not keep baseball stats.

The record high year would be somewhere in the late 1960s and early to mid 1970s I would estimate.

;-)

Posted by: HD on July 10 2008 8:47 AM

Same story in Quesnel, Williams Lake, 100 Mile House.
......and Wells, lol.