Vancouver CMA housing starts are
forecast to continue at a steady pace,
with a marginal decrease of less
than one per cent to 18,600 units
in 2014, and edge lower to 18,400
units in 2015 (See Figure 1). This level
of homebuilding is in line with the
projected level of household growth2.
Multiple-unit starts are projected
to decline moderately this year and
next, while single-detached starts will
increase in 2014, before diminishing
slightly in 2015. Demand for new
homes will remain solid through 2015
as the Vancouver area economy is
forecast to grow at a pace slightly
above the provincial rate. Employment
gains and continued population
growth are expected to accompany
moderate economic expansion. These
factors combined with low mortgage
rates will drive demand for new
homes.
Single-detached home starts are
Canada Mortgage and Housing (CMHC) Outlook for Greater Vancouver - Spring 2014. Vancouver CMA housing starts are forecast to continue at a steady pace,with a marginal decrease of less than one per cent to 18,600 units in 2014, and edge lower to 18,400 units in 2015. This level of homebuilding is in line with the projected level of household growth. Multiple-unit starts are projected to decline moderately this year and next, while single-detached starts will increase in 2014, before diminishing slightly in 2015. Demand for new homes will remain solid through 2015 as the Vancouver area economy is forecast to grow at a pace slightly above the provincial rate. Employment gains and continued population growth are expected to accompany moderate economic expansion. These factors combined with low mortgage rates will drive demand for new homes. See full article at: http://www.cmhc-schl.gc.ca/odpub/esub/64363/64363_2014_B01.pdf