Region enjoys building boost

The number of homes built in Vernon rose slightly in August.

The number of homes built in Vernon rose slightly in August.

Year-to-date, the number of home starts for the region is 129, compared to 111 last year at this time. The majority of the increase came from multi-family homes, 44 compared to 29 in 2012. While the number of single-detached home starts increased slightly from 82 to 85.

For the month of August, there were 22 new homes built, compared to 15 in 2012.

The increase in urban areas, such as Vernon, with similar populations was also seen in Prince George, Kamloops and Chilliwack.

“The trend measure of housing starts edged higher in August, the third consecutive monthly increase,” said Carol Frketich, CMHC’s regional economist. for British Columbia. “A pickup in resale market activity in British Columbia is one factor behind the rising trend in new home construction.”