🏗️ Sluggish Housing Starts Ahead: Challenges Loom for B.C. 🏘️
Andy Schildhorn • November 6, 2024
With starts per capita at their lowest level in a decade, industry looks for more reform. As a tight provincial election reveals a deeply divided electorate, the pace of new home construction is stagnant, pointing to significant challenges, and choices, ahead for the next B.C. government. Read More Here
SURREY, BC – The Fraser Valley market showed early signs of a spring thaw in February, with sales increasing over January, but continuing to trail typical levels for this time of year. The Fraser Valley Real Estate Board recorded 843 sales on its Multiple Listing Service® (MLS®) in February, a 36 per cent increase from January, but 38 per cent below the ten-year seasonal average. New listings declined nine per cent in February to 2,796, suggesting some sellers are choosing to wait amid competitive inventory levels, and may be positioning their homes for the peak of the spring market.
The Township of Langley Traffic Cameras for up-to-date traffic information. Click here
The economics of building new homes in Canada are now "simply broken," sparking a macroeconomic drag that CIBC economists warn is just beginning to take hold. 👉 Details Here
