Around Town CMHC Construction Report
The Canadian Mortgage Housing Corporation (CMHC) offers access to multiple publications and data on housing construction, the rental market, populations and housing stock for multiple cities.
Housing Construction information available for the end of March 2019 reports continued growth from Nanaimo to the Comox Valley. According to the stats, Campbell River is the only reported area on the Central North Island to currently show a decline in the year to date (YTD) housing starts while Nanaimo reports a 96% increase.
Comox Valley: 422 dwellings under construction with 143 single family homes and 247 apartments. 97 housing starts are recorded for the first quarter this year compared to 84 for last years first quarter.
Campbell River: 138 dwellings under construction with 38 single and 84 apartments. 44 starts for the first quarter vs 25 in 2018.
Nanaimo: 887 dwellings under construction with 221 single and 614 apartments. 277 starts for the first quarter vs 141 for 2018.
Parksville: 220 dwellings under construction with 89 single and 127 apartments. 81 starts for the first quarter vs 34 for 2018.
For more information, visit https://www.cmhc-schl.gc.ca
Receive up-to-date information on building permits, tenders, proposed developments and construction news for the Comox Valley, Campbell River, Port Hardy, Powell River and more locations on the North Island.