Providing Thoughtful Analysis on the Housing Market
Friday, January 09, 2009
Vancouver Housing Starts - December 2008
The Canada Mortgage and Housing Corporation released December 2008 housing starts data for the Vancouver Census Metro Area this morning and here is the data. Starts are continuing to moderate although developers started construction on 1108 housing units during the month which is still a very brisk level of activity.
I am looking for starts to moderate quite a bit more during 2009 with several months having less than 1000 units started. This will be a far cry from the past few years level of activity.