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

B.C. communities brace for weekend rain as floods forecast in southern Interior

Grand Forks, not far from the Canada-U.S. border, is one of many communities under threat in B.C.'s southern and central Interior. A week of record temperatures followed by rain have combined to create conditions ripe for flooding.

B.C. communities brace for weekend rain as floods forecast in southern Interior

Break and enter in Nanaimo hair salon

Mounties in Nanaimo are asking for the public's help in identifying two people accused of breaking into a local hair salon. They say police responded to a glass break alarm at Cosmo Prof on April 25th and found its door had been "smashed out."

Break and enter in Nanaimo hair salon

Leader of BC United Kevin Falcon appalled over drug trafficker arrest

Falcon called on Premier David Eby and members of his cabinet to denounce the alleged activity as completely unacceptable. Vancouver police arrested a 51-year-old man for selling cocaine, methamphetamine and heroin out of a trailer parked in one of the neighbourhood's main intersections.

Leader of BC United Kevin Falcon appalled over drug trafficker arrest

Surrey RCMP need assault suspects of South Asian descent to be identified

Surrey RCMP is releasing two short videos from the scene that shows three suspects who are believed to be involved in the assault. The first video shows a suspect who is described as a South Asian man in his mid-20s to early-30s, with a long black beard, wearing all dark clothing, blue vest and a small blue turban.

Surrey RCMP need assault suspects of South Asian descent to be identified

Surrey Ethics commissioner reviewing complaint against a councillor

Rob Stutt is a former R-C-M-P officer and the Surrey municipal police union says Stutt's children are currently employed by the Mounties. The union says Stutt was in a conflict of interest when he voted to keep the R-C-M-P in Surrey, noting that the vote passed by a razor-thin margin of five to four.

Surrey Ethics commissioner reviewing complaint against a councillor

Vancouver man arrested in relation to illicit drug dispensary

Vancouver police have arrested a 51-year-old man for drug trafficking in connection with an illicit drug dispensary. Officers say the suspect was selling cocaine, methamphetamine, and heroin out of a mobile trailer in the city's Downtown Eastside.