National

Drop in housing starts in Vancouver

Darpan News Desk The Canadian Press, 15 Jun, 2023 01:13 PM

Slower housing starts in Vancouver last month were a major contributor to a hefty drop in starts right across the country.

Canada Mortgage and Housing Corporation says housing starts in Vancouver tumbled 45 per cent in May.

The trend in housing starts has been declining steadily since November 2022.

Overall, Canada’s #housing starts saw a 23% month-to-month decline in May. The decrease was driven by declines in multi-unit construction in major markets.

Read more: https://t.co/k5DBbhjlks pic.twitter.com/xWdAerRVph
— CMHC (@CMHC_ca) June 15, 2023

The drop covered all types of projects -- from apartments and condos to other kinds of multi-unit developments -- and the trend was reflected in Montreal, where starts were off 35 per cent, and in Toronto, where starts fell 28 per cent.

Overall, C-M-H-C says housing starts across the country were down 23 per cent when compared with the month earlier.

Prev Next

MORE National ARTICLES

Four judicial appointments in British Columbia

The three newly appointed justices include Anita Chan, a Crown prosecutor with 27 years of experience, Joseph Doyle, a private practice lawyer with experience in civil, criminal and administrative law, and Kevin Loo, a former appeal court law clerk and now partner in a Vancouver law firm.

Four judicial appointments in British Columbia

Competition Bureau to study grocery sector

Food retail prices in September rose at the fastest pace since 1981, with prices up 11.4 per cent compared with a year ago. That compared with an overall inflation rate of 6.9 per cent. Although the inflation rate has dropped from its peak of 8.1 per cent in June, food prices are outstripping the overall consumer price index and continue to rise.

Competition Bureau to study grocery sector

Sunak's ascent means stability in Canada-U.K. ties

Sunak will be the third British prime minister in less than two months, following the resignations of both Boris Johnson and Liz Truss. Truss spent just six weeks in the role before she was forced to step down following economic turmoil in response to her proposed tax cuts.

Sunak's ascent means stability in Canada-U.K. ties

Anti-violence program for B.C. health-care workers

The BC Nurses Union has been calling for better protective measures for its members for at least 30 years. Its president, Aman Grewal, says nurses are punched, kicked, grabbed and verbally and sexually harassed at increasingly dangerous workplaces, where injury rates are under-reported and higher than those affecting first responders.

Anti-violence program for B.C. health-care workers

IHIT called in after fatal shooting in Langley

According to the Mounties, this does not appear to be a random act. The area surrounding the scene will be cordoned off for a significant amount of time. IHIT will be working in partnership with Langley RCMP.

IHIT called in after fatal shooting in Langley

Newton shooting results in bullet holes in the exterior of the residence

Officers attended the scene and located holes in a fence as well damage to the exterior of a residence. The vehicle is described as a white four-door sedan. The investigation is ongoing and a motive has not yet been identified.