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HomeNewsPG housing starts on the upswing

PG housing starts on the upswing

Housing starts seem to be picking up steam in Prince George.

Last month, 10 new homes began construction compared to 7 in February of 2014.

Canadian Mortgage and Housing Corporation analyst Serena Teakles says this has also been reflected in the resale market:

“On a year to date basis – so for the first two months of 2015 – total housing starts are up 93% over figures from last year. Mind you, that this is only two months of information with another ten to come”

Teakles says so far this year they have seen a total of 26 fully detached homes erected, as well as one multi family complex.

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