Monday, June 08, 2009

CMHC Housing Starts for Greater Vancouver

The CMHC released preliminary housing start data for areas across Canada today and here is the picture for Greater Vancouver.

There were only 469 housing starts in May 2009 contrasting with 1757 in May 2008. Ouch.
Starts are on a steep downward slope right now and 2009 is shaping up to be the worst year in recent memory for new development. Construction jobs are being shed at a record rate right now as projects complete and less new projects fill in the pipeline behind them.
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1 comment:

  1. Davieharely12:08 AM, June 09, 2009

    Starts are on a steep downward slope right now and 2009 is shaping up to be the worst year in recent memory for new development..replica watches

    ReplyDelete