Monday, August 18, 2008

NANAIMO HOUSING STARTS ON PAR

RESIDENTIAL CONSTRUCTION
IN NANAIMO STAYS STRONG

Latest statistics released by CMHC show that while Nanaimo housing starts in July dropped to 67 units from the 74 started in June we are still slightly up from 2007 for the first seven months.

During this period last year 476 units were started whereas this year for the same period a total of 489 units are reported.

It is reported that on Vancouver Island nearly half of all housing starts are in the multiple family unit category. Since the numbers are so strong it is not expected they will increase dramatically.

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