Home Construction Booming

Home construction is booming in the Central Okanagan with almost 36 hundred new starts in 2017.

The Canada Mortgage and Housing Corporation says that's the strongest year on record since they started keeping track in 1977.  Roughly 22 hundred of those are apartments, 923 are single detached homes, just over 300 are townhomes and a little over 100 are semi-detached homes.

Overall the CMHC says at the end of 2017 close to 39 hundred homes were still in some stage of construction in the Central Okanagan.

 

Credit: Canada Mortgage & Housing Corporation