2023 saw a record-high 35,553 housing starts in Southwest British Columbia, a 20.9% increase from 2022, with high-density development starts up 30.
2023 saw a record-high number of housing starts in Southwest British Columbia, with 35,553 units starting construction, a 20.9% increase from the previous year, according to the Chartered Professional Accountants of British Columbia. High-density developments, such as attached units, saw a 30.4% increase, while detached home starts declined by 21.2%. Major project inventories reached $113.4 billion in Q3 2023, an 8.1% increase compared with the same period in 2022.
April 18, 2024
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