Housing Starts Dip In Prince George
Prince George, B.C. – Housing starts in Prince George are off pace this year compared to last according to CMHC.
In the latest statistics from Canada Mortgage and Housing, there have been 29 single family starts from January 1st to April 30th of 2017, compared to 39 during the same period last year.
On a monthly comparison, there were 18 single family starts in April, up two from the 16 single family starts in the same month last year.
The biggest difference lies in multiple family units. In April of 2016, there had been 110 such units under construction, compared to just 8 last month. The year to date stats also show a huge drop in multiple family starts with 113 in the first four months of 2016, compared to just 16 during the first four months of this year.
The City’s most recent records to the end of March show no change year over year for single family units in the month of March, (the most recent stats available) with 15 single family homes started in March of 2017 and 15 in the same month a year ago. Year to date stats do show a difference with 29 starts from January 1st of 2016 to March 31st of last year, compared to 20 single family home starts in the same three months of 2017.