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STARTS in single
detached units drove
the new housing mar-
ket activity during
August.

_ Atotal of 1,590 residential
units were started. in Metro
Vancouver :according to’ the
August : -preliminary. data
released: by Canada:Mortgage
and“: Housing - Corporation”:

“{CMHC)...0 oe wt
_.. . August single starts of $87
‘homes were 14% higher than
last month and more than
doubled the ‘level recorded
for the same month last year.

“The high starts levels seen
in recent months. have !ed to
an increase of 12% in single
starts year to date.

2 os “Surrey: “recor

"highest" single: ‘starts |
August, .. accounting - for
almost one’ third “of Metro: -.
Vancouver: activity,”: “said.
CMHC market analyst Lucia.

5

sions “in Langley- District,

Maple Ridge and. Richmond

also:encouraged single family :°.

‘construction in’ “Metro | |" -
Vancouver,” Lucia added.’ __.

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