Kamloops housing starts parallel B.C.'s

By Doug Collins
December 9, 2015 - 7:19am Updated: December 9, 2015 - 6:07pm

KAMLOOPS — The Tournament Capital is following BC's new home construction trends, for better and for worse.

New numbers from the Canada Mortgage and Housing Corporation show Kamloops down 47-percent last month - with only 37 starts recorded.

The entire province was down significantly in November as well.

But Kamloops is up slightly for the year-to-date - and according to CMHC Senior Market Analyst Taylor Pardy - that's alongside a provincial uptick of about 11-percent.

Pardy says Kamloops' steady market is not a surprise. He says it's fairly typical. He says as you look at figures month over month, much of the change has to do with multiple family starts. He says one multi-family start can make a big different in the overall numbers. 

Pardy notes the increase for Kamloops this year is thanks to a seven percent increase in single-detached homes being built.

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