Home starts strong

The Canada Mortgage and Housing Corporation reports there were 234 starts last year, up from 194 in 2013.

New home construction was strong in 2014.

The Canada Mortgage and Housing Corporation  reports there were 234 starts last year, up from 194 in 2013.

Of the 234 starts, there were 172 single-detached units and 62 multiple units.

“Gains were noted across all dwelling types, reflecting an overall increase in the demand for new homes,” said Sarena Teakles, senior market analyst.

“Declining inventories of completed and unsold new homes, coupled with a strengthening resale market have supported increased levels of new home construction throughout the latter half of the year. Improved labour market conditions, particularly in terms of full-time employment levels, have also supported housing demand in Vernon.”

In December, there were 23 housing starts in Vernon. That’s up from 17 during the same month in 2013.

December consisted of 13 single-detached units and 10 multiple units.

 

Vernon Morning Star

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