Urban Vancouver Island Housing Starts For July 2010
Aug 17, 2010
(News Release) VICTORIA – According to Canada Mortgage and Housing Corporation (CMHC), 287 housing starts were recorded across urban Vancouver Island centres in July 2010.1 This is an increase from the July 2009 level, but slightly below the five-year historical average for July of 353 units.
“The Victoria CMA was the most active of the five urban Vancouver Island centres in July 2010, accounting for 55 per cent of total housing starts,” said Travis Archibald, CMHC Senior Market Analyst. ”Within the CMA, the majority of July’s new home construction took place in Saanich, Langford and Sooke.”
Nationally, the seasonally adjusted annual rate of total housing starts eased to 189,200 units in July. In British Columbia, July’s seasonally adjusted rate of urban housing starts moderated slightly to 20,100 units, from 23,500 units in June.
As Canada's national housing agency, CMHC draws on more than 60 years of experience to help Canadians access a variety of quality, environmentally sustainable and affordable homes. CMHC also provides reliable, impartial and up-to-date housing market reports,
analysis and knowledge to support and assist consumers and the housing industry in making vital decisions.
For more information, and to download CMHC’s housing reports, please visit CMHC’s website at www.cmhc.ca/housingmarketinformation or call 1-800-668-2642.
For a statistical breakdown of the July 2010 Island Housing click HERE (PDF, 147 kb)