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New housing units down in B.C., but expert predicts reversal

  • Statistics Canada reports that B.C. Created 3,163 housing units in September 2024, down from 3,895 in August and 7,128 in April 2024.
  • The Vancouver Census Metropolitan Area saw 1,658 new residential units, a decline of almost 49 percent from September 2023.
  • An expert anticipates improvements in housing trends over the next year as "interest rates falling and market conditions improving".
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Bank of CanadaBank of Canada
Statistics CanadaStatistics Canada
HousingHousing
Victoria, British ColumbiaVictoria, British Columbia
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