CMHC released their monthly Housing Now publication today and here is the down low for the Vancouver Census Metropolitan Area.
Starts were 1181.
Units Under Construction were 25104.
Completions were 1334.
Completed and Unabsorbed Units were 1294.
In past years completions really spike upwards in the first few months of the year so we should look for a big increase in completions over the next 2-3 months with the corresponding decreasei in units under construction. These new units completing will add tremendously to the already climbing inventory of homes available for resale.