Here are the charts for housing starts, completions, and under construction for Vancouver Census Metropolitan Area (CMA) to August 2012, with September preliminary housing start data:
The last few months have seen a continued lag of completions and an increasing amount of starts and under construction volume. Completions are trending upwards but the delay relative to starts is on the long end of what has occurred historically. We should anticipate an eventual increase in completions through the remainder of 2012 and into 2013.
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