There was a 20 per cent drop in single-family housing starts in the Kelowna Central Metropolitan Area (CMA) in 2024 compared to 2023.

A Canadian Mortgage and Housing Corporation (CMHC) report shows there were 453 starts in 2023 and 361 in 2024. Semi-detatched, row and apartment/condo starts were up 36 per cent, with 2,517 in 2023 compared to 3,429 last year.

In B.C., there was also a 20 per cent drop in single-family housing starts in 2024 over 2023. There was an eight per cent fall in multi-family unit construction.

Nationally, 2024 housing starts were up two per cent in centres of 10,000 population and over, with 227,697 units recorded, compared to 223,513 in 2023.

91裸聊视频淐anada91裸聊视频檚 urban centres saw an uptick in housing starts in 2024 compared to last year, marking the third-highest year on record.91裸聊视频� said Mathieu Laberge, CMHC91裸聊视频檚 chief economist. 91裸聊视频淲hile this annual increase shows some signs of progress, Canada still needs significantly higher supply growth to restore affordability in urban centres.

Last spring, the CHMC estimated Canada could build up to 400,000 new housing units annually.