Housing construction off to a slow start in 2016

CMHC reports 11 starts in January, down from 24 during the same month in 2015

Housing construction began at a slow pace in 2016.

The Canada Mortgage and Housing Corporation reports there were 11 starts in January, down from 24 during the same month in 2015.

Of the 11 starts, there were seven single units (18 in 2015) and four multiple units (six in 2015).

In Kelowna, there were 54 starts in January, down from 64 during the same month in 2015, while construction activity in Kamloops climbed from 10 to 16 units.

 

Vernon Morning Star