Thursday, February 21, 2008

January CMHC Data

No time for a longer post today but here are the highlights of the January CMHC Data for the Vancouver area.

Starts were high with 1332 units breaking ground during the month.

Completions were low with only 838 units being finished during January.

Units under construction hit another all time high at 25,195. Ridiculous.

Completed and unabsorbed units hit 1407. This is the highest I ever remember - - - so far! The cracks are forming.

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