Migration driving up housing starts in Kamloops

By Jill Sperling
April 9, 2016 - 1:39pm

KAMLOOPS — A lot of homes were being costructed in Kamloops last month.

According to the Canada Mortgage and Housing Corporation (CMHC) March saw a total of 87 housing starts, compared to just 27 the same month last year. 

CMHC market analyst Taylor Pardy said the numbers reflect population growth in Kamloops. 

"One of the things we're seeing right now that's definitely influencing demand is on the migration front, specifically inter-provincial migration has really been a contributing factor for new housing demand," Pardy said. 

He said the increase in housing starts was mostly driven by multi-family dwellings. 

Pardy expects the market to remain steady throughout the year. 

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