2024 BC housing construction per capita estimated at 7.5 units/1000, down from 8.5 in 2017, due to high costs, inflation, and interest rates.

Housing construction in British Columbia has reached a decade low, with per capita starts projected at 7.5 units per 1,000 people in 2024, down from 8.5 in 2017. Despite government promises, factors like high land costs, inflation, and interest rates hinder growth. In contrast, Alberta has seen a 3.4% increase in housing starts since 2019. Proposed solutions include tax incentives and reforms to encourage new home construction and investment.

October 30, 2024
17 Articles