Metro Vancouver’s July housing starts

Vancouver

2022/08/25

In Metro Vancouver, which includes Surrey and Langley, annual housing starts ↓ 22.8% MoM to 23,318 units in July. Across Canada, the annual pace of housing starts in July edged higher MoM despite a slowdown in urban starts, CMHC reported. The federal housing agency said Canada’s seasonally adjusted annual rate of housing starts in July was 275,329 units, ↑ 1.1% MoM. Starts across B.C. ↓ 14% MoM to 45,527 new homes, CMHC reported.