This past January saw fewer houses being built then the same month last year. This is in contrast to the national scene where new home construction is up more than 20%. Is it starting to cool off? Or is it taking a breather? Over the past few years we have seen a boom in new housing starts in Victoria BC. One has to expect that the trend can’t continue for ever.
In January there were 317 new homes under construction compared to 348 in January 2007 the Canadian Housing and Mortgage Corp said on Friday.
