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Housing starts
dip in April

NATIONAL housing starts stood at 145,700
units in April, reports Canada Mortgage ‘nd
Housing Corporation (CMHC),

The April {igus while 7.8% lower than the revised
Mareh rite of 158,000 units, was stl 46% higher than the
106,700 units a year ago.
fn urban areas, multe ote (nullcting rose to 80,800 units In
April compared co 46,400 in March, Single-detached eons
struction moved to 72,300 from 87.400 unkts the previous
month, Starts In rural areas were estimated at 22 900 units
compared with the March figure 024,200,000
7 though slightly lower, the April figure is still one of the
best since 1994,” sald CMHC economist Michel Laurence,
“Mortgage rate intereases in March and April were a factor liv
slowlng activity, but rates dropped again on My 3. 4
British’ Columbia posted 20,800 starts In Apiil, ‘There
Was less single-detached and multiple-tintt construction than
in Mareh, but the pace remained ahead oflast years, sie
in Vancouver moved higher but rete | in a range similar]!
‘to 1996,”
Urban houshyg starts in Ontario rdise io a four-year high |
(053,900 units, with muclrof the gain in the Toronte area.

A largest increase in multiple-construction, eel row and 4 a

“apartment condominiins,. more, than afer a decline in sine
ale: detached home building, goo oe" 8 i
“Cr  Quebdes urban , starts tracked “19,200. units, Multiple
‘starts were lower partly because of fewer condominium
apartment, starts. "The single-detached segment was also less
active In April than in March, Construction in the province,
however, stayed ahead of its 1996'pace. "eg,
Urban construction was down, from its 15 ~year high'i in
March in the Prairie region, largely because of fewer starts in
‘Albertay Building - activity was still “strong, “however, “at
“yo, 200: starts, Sas atchew ‘tn and Manitoba Were up to 2,700

REA shore news:

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~ Realftor) spirit

THE Sussex Spirit team was out in full force last weekend for the 18th Annual 24-Hour Relay: for Kids at

Swangard Stadium in Burnaby, Here, team members gather around Titnmy reprosentatives Aaron Broverman

and Marco Pasqua at the team's race ) camp. Sussex pirit raised $6, 663. 06 for the kids.” nraey

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“FOR INFORMATION ON THESE: & ANY CTHER
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BARBARA CAMPBELL - SUSSEX REALTY IN SECHELT
Vane. Teli free 681-7931 or barbara campbell_ @sunshine. net

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Sechelt Office 681- 7931 ;

cap CANA eg On CU PEE REO MEE Oe Fe Ee Be OD Owe Ohete IE ee senna ee eer rent ewseree .
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4bedroom,. 4 bathrooms, *

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Sechelt Office 681-7931

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