BC’s new home building investment rose 28 per cent year over year in March to nearly $822 million – an uplift of 5.6 per cent over February, according to Statistics Canada data released May 20. Single-family homes re-emerged as BC’s home type with the highest total investment, rising 18.3 per cent year over year to $380.5 million. This was an increase of 6.8 cent over the month before, as the spring building market got under way. Investment in condo-apartment construction, the previous month’s biggest spender, lagged slightly in March at $342 million. However, this was by far the steepest annual growth, a jump of 48.7 per cent over March 2015, and a month-over-month increase of four per cent over February. Spending on new townhouse/rowhome construction, although always much lower in total numbers, also maintained its upward trajectory, up 19.2 per cent year over year to just over $75 million in February. This was also a rise of 6.3 per cent compared with March 2015.
from Ella's Real Estate page http://ift.tt/22Jevrb
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