The latest statistics from the Canada Mortgage and Housing Corporation show a huge increase in housing starts in Greater Vancouver in the first 11 months of 2010, compared to the same period a year ago. The number of multiple-unit-dwelling starts rose 95 percent, whereas the number of single-detached-home starts went up by 64 percent.
In Vancouver, the number of multiple-unit starts more than tripled to 2,917. In the City of North Vancouver, the number of multiple-unit starts rose more than eight times, rising to 246 for the period between January and November 2010. White Rock was the only municipality in the Lower Mainland that recorded a reduction in both single-detached and multiple-unit-dwelling starts in the first 11 months of this year, compared to the same period over the previous year.