January 2014 Housing Starts in Victoria BC
January 2014 Housing Starts in Victoria BC, were trending at 2,150 units compared to 2,194 in December 2013, according to Canada Mortgage and Housing Corporation (CMHC). Home construction starts modestly trended down in January. The single family home market’s upward trend was offset by the downward trend in multiple-unit homes. said “Lance Jakubec, CMHC Senior Market Analyst. For January 2014 Housing Starts in Victoria BC, CMHC uses the trend measure as a complement to the Monthly Seasonally Adjusted Annual Rates of housing starts to account for considerable swings in monthly estimates and obtain a more complete picture of the state of the Victoria housing market.
In some situations, analysing only SAAR data can be misleading in some markets, as they largely driven by the multiples segment of the market which can very variable from month to month. The stand alone month SAAR was 851 in January down considerably from 2,568 in December 2013. For your Complete free copy of this January 2014 Housing Starts in Victoria BC report use this link: http://www.cmhc-schl.gc.ca/odpub/press/2014/2014_02_10_0815_EBI.pdf Source CMHC for the graphs and data.
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