According to this story in Business in Vancouver, home-building is dominating the building sector right now across the province of BC, and that trend is set to continue for at least a year or two.
“More than twice as much money is being spent on building homes in British Columbia than on all industrial, commercial and government projects combined and the trend is seen even in areas touted as the province’s resource boomtowns.”
In part, the trend can be attributed to a small boom in housing starts around Northern resource projects like an LNG plant in Kitimat, though the trend also includes lower mainland suburban areas too.
Read the full article here:
Residential leads construction – even in “booming” north
Image credit – Business In Vancouver