Metro Vancouver’s housing starts finished 2010 on a strong note, recording 15,217 new homes over the year, close to the 10-year average, according to Canada Mortgage and Housing Corp.
The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential sales in the province declined 36 per cent to 5,507 units in October compared to the same month last year.
The British Columbia Real Estate Association (BCREA) released its Fall Housing Forecast 2010 today.
According to Canada Mortgage and Housing Corporation (CMHC), there were 1,447 housing starts in October in the Vancouver Census Metropolitan Area (CMA), bringing the year-to-date total to 12,584 homes.
After a strong finish to 2009, and a robust first quarter of 2010, housing starts have moderated.