Despite monthly improvement, housing construction remains sluggish
September was another relatively slow month is Greater Vernon’s housing construction sector.
Canada Mortgage and Housing Corporation (CMHC) reported that 20 housing projects were started in Greater Vernon last month.
That figure was up from August’s total of 12 projects, and well above the three housing starts in September of 2023.
However, that did not close the gap in the year to date totals, which have se far seen 137 housing projects starts locally in 2024, compare to 272 starts in the same period the year before.