deciine

MULTIPLE starts in

fancouver posted the weakest

monthly performance in

October et 443 units accord-

ing to Canada Mortgage and

Housing Corporation
af OMHC).

The general rend has been
down since August when mai-
tiple starts reached a peak for
1996 at 2,245 units.

“The decline in’ multiple
starts Were expected,” said
CMHC marker analyst: Lucia ‘ ae
Su. “The large number of units — tg on SH A ; / os gry Co
currendy being marketed are . daa putt i Re fee ay A sede oe
resulting in generally soft ia ; 7 ol [88 aN et MRC NE Bare ad re —_ Si . Bead
prices. The numerous entice- ; we 1 raat i i ae a ao Ba
ments being offered to move AA Ee . Saat ee ah te CTS sett Loran snes aia fe ‘
projects lessen the likelihood femme pee Pay £3 ie So _ ee .
that developers will make fur- mo Ra TRO hee opis sae ; ;
ther investments in the short
term.” Single detached starts
have remained strong; up by
11% for the first 10 months of
this year compared with the
same period last year.

North Vancouver District,

Surrey, Maple Ridge, Deles

and Langley District are the [4 : AGEN

municipalities where single Sure See OnNE Sana f Aah rea
“Xletached starts have actually eee DLS SRR UMAR aS RC ENN Eon se aL RMR ie

risen significantly this year

compared with a year ago. State-of-the-art as ha it

Decline in single detached p
starts were mostly noted in

Vancouver, Coquitlam, and WORKERS with ARC (Asphalt Recycled Company} pave Whitman Avenue at the top of Berkley in North Vancouver District. The municl-
Port Moody, pality hired the company to make use of its hot-in-place asphalt recycling system. The old asphalt is re-used for a fresh road surface.

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