Greater Victoria New Housing & Construction Starts Improve, for the 2nd month in a row.

By
Real Estate Sales Representative with eXp Realty, Victoria BC www.pfanntastic.com

Greater Victoria New Housing and Construction startsGreater Victoria New Housing & Construction Starts Improve, for the  2nd month in a row.

Greater Victoria New Housing  & Construction Starts increased to 137 homes in October 2011 compared to the same month a year ago.

All 85 multi-family starts in October were recorded in 2 of the core markets (Esquimalt and the City of Victoria), while the West Shore  (Langford, Colwood, Highlands and Metchosin) accounted for nearly three-quarters of the 52 single detached starts.

October 2011 marked the second consecutive month in which Greater Victoria New Construction Housing starts in both the single detached and multi-family segments increased relative to their 2010 levels.
Greater Victoria New Housing and Construction starts
Despite the recent rebound in new home construction activity, due to the slow start to the New House Construction early in 2011 has contributed to a Year To Date total of slightly fewer housing starts in the first ten months of 2011 compared to the same period last year For Greater Victoria, however signs of recovery in New Housing construction are starting to show up  everywhere around Greater Victoria.Greater Victoria New Housing and Construction starts

The Source for this blog post is Adapted from: CMHC Canada Mortgage and Housing Corporation in its Monthly Housing Market Information Report Called "Housing NOW Victoria for November 2011. You can review the entire detailed report at CMHC's Excellent website direct link .


Here is a link to the Victoria Real Estate Board Statistical Reports, and published every month.

Victoria Real Estate Market SnapshotPlanning to buy, sell, upgrade, downsize, invest in real estate or relocate to Greater Victoria, and need information about your present or new area of choice?....... No Problem.
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Greater Victoria New Housing & Construction Starts Improve, for the  2nd month in a row. 

Posted by

 

 

 

Peter Pfann,

CPCA, ABR, SRES, E-Pro, IMSD, Master ASA, C-CREC, Associate Broker.

Text or Talk To Peter @: (1) 250 - 213 - 9490  

peterpfann@gmail.com  www.pfanntastic.com

Pfanntastic Properties in Victoria, BC, Canada, @ Fair  Realty Since 1986.

Regional office: 1540 Fort St Victoria, BC V8S 5J2

 

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British Columbia Capital Area Victoria Greater Victoria
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Tags:
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Rainmaker
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Cindy Westfall
Premiere Property Group,LLC Portland Metro & Suburbs Oregon - Tualatin, OR
ABR,GRI Your Tualatin & Portland Metro Real Estate

Hi Peter and Linda, this is good news indeed! It's nice to see new construction..always a good sign.

Nov 30, 2011 03:19 PM #1
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Peter Pfann @ eXp Realty Pfanntastic Properties in Victoria, Since 1986.
eXp Realty, Victoria BC www.pfanntastic.com - Victoria, BC
Talk To or Text Peter 250-213-9490

Hi Cindy,

New Construction does so much more than create a home for a family and as such can really kickstart a recovery....

Nov 30, 2011 04:03 PM #2
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Joni Bailey
101 Main St. Realty - Huntsville, TX
Your Huntsville / Lake Livingston Area REALTOR®

Peter and Linda: That sure sounds an awful lot like REAL ESTATE RECOVERY to me!! Hello?!!!

Nov 30, 2011 04:18 PM #3
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Peter Pfann @ eXp Realty Pfanntastic Properties in Victoria, Since 1986.
eXp Realty, Victoria BC www.pfanntastic.com - Victoria, BC
Talk To or Text Peter 250-213-9490

Hi Joni,

thanks Joni, we feel we are on the right track with the construction starts, it is a bit early to be totally convinced but there are early signs

 
Nov 30, 2011 04:57 PM #4
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Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional
Charles Rutenberg Realty - Clearwater, FL
Palm Harbor, Dunedin, Clearwater, Safety Harbor

Congratulations! That is certainly good news for your local economy as well!!!

Nov 30, 2011 11:32 PM #5
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