New Homes in Victoria

Canada Mortgage and Housing Corporation reported there were 572 new homes started through the first two months of the year, an increase from the 411 started through February 2018. But there are signs the sector is slowing down according to the VICTORIA RESIDENTIAL HOMEBUILDERS ASSOCIATION which is predicting fewer starts this year. Last year saw 4,273 starts recorded last year, and the number of housing starts in the past couple of years rival numbers last seen in 1976 with 4,439 starts. Across the province, there were 40,000 starts last year, down from the 43,600 starts in 2017. The Province is predicting there will be 34,000 starts this year and 31,800 in 2020. 

Source: Times Colonist