News - 57

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EXCEPTIONALLY
strong condominium
starts in July closed
the 40% gap in year to
date housing starts
noted in the early part
of this year, according
to Canada Mortgage
and Housing
Corporation (CMHC).

July housing starts
increased by 92% from activi-
ty levels seen a year ago.

The isicrease in starts was
scen in both single-family
and multiple unit construc-
tion.

“While single detached
starts are up 7% on a year to
date basis and multiple unit
starts remain 1% below last
year’s level, it is the strong”
high-rise starts activity that

‘fuelled the upward surge in
total housing starts since
April,”. said/ CMHC market
analyst Lucia Su. 7 .
; ain cat eapect another”
month of strong high-rise ee ee : :
starts as permits have Been in NEWS photo Terry Potera
ace for a number of pro- ,

Fects in the downtown area On the waterfront

for some time now,” Lucia ;

added. 7 THE Ambleside area of West Vancouver's waterfront is one of the highest density areas on the North Shore.

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