New figures show significant a drop in new construction in the Victoria Census Metropolitan Area (CMA) with some of the drop likely related to COVID-19. (Black Press Media File)

New housing starts drop almost 80 per cent in Greater Victoria in March

All other CMAs in B.C. except for Vancouver also recorded significant drops

New data released this month shows a significant drop in new construction in the Victoria Census Metropolitan Area (CMA) with some of the drop likely related to COVID-19.

A report from Canada Mortgage and Housing Corporation (CMHC) shows new housing starts dropped 79.3 per cent from February to March. Abbotsford-Mission (down 75.6 per cent) and Kelowna (down 61.3 per cent) also saw significant reductions in March 2020 compared to February 2020.

Across CMAs in British Columbia, only Vancouver (up 3.4 per cent) saw higher housing starts in March.

RELATED: Unemployment in Greater Victoria rose to 4.6 per cent in March

Across British Columbia, housing starts in urban areas (with population of at least 10,000) in British Columbia dropped 5.8 per cent (seasonally adjusted at annual rates) in March compared to February.

Across Canada, urban housing starts across Canada went down 7.3 per cent in March, with decreases in seven provinces.

“The national trend in housing starts declined in March, likely indicating that the COVID-19 pandemic has begun to impact residential construction activity.” said Bob Dugan, CMHC’s chief economist in an accompanying report.


Like us on Facebook and follow @wolfgang_depner

wolfgang.depner@peninsulanewsreview.com

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Police closed McNeill Avenue after a workplace death Oct. 20, 2020. (Nina Grossman/News Staff)
Tree-pruning community gathers in Oak Bay after tragic death

Crews met in solidarity at site of Tuesday incident

A bear similar to this black bear was spotted on Elk Lake Drive again on Oct. 21 and is believed responsible for killing a llama in Saanich on Oct. 19. (Black Press Media file photo)
Search continues for bear wandering through Saanich

Bear spotted eating garbage near Elk Lake Wednesday, B.C. Conservation says

Some 30 people including a dozen youth participated in North Saanich’s first ever Fridays for Future protest outside of municipal hall on Mills Road Friday, according to organizers. (Anne-Marie Daniel/Submitted)
Fridays for Future plans second event for North Saanich after inaugural protest

Some 30 people attended first protest on Oct. 9 with a second one scheduled for Oct. 23

Royal Bay students are among the list of SD62 schools that will be trained by Pacific FC coaches and staff in a new soccer academy partnership. (Aaron Guillen/News Staff)
Pacific FC partners with Sooke School District soccer academies

Royal Bay, EMCS and Dunsmuir Middle students to receive professional training

Provincial health officer Dr. Bonnie Henry presents modelling of COVID-19 spread in B.C., March 25, 2020. (B.C. government photo)
B.C. sets another COVID-19 record with 203 new cases

up to 1,766 active cases in B.C., two more deaths

Advance polls are open from Oct. 15 to 21 with election day on Oct. 24. (Black Press Media file photo)
RCMP. (Phil McLachlan - Black Press Media)
British Columbia man dies during ski trip near glacier west of Calgary

Kananaskis Public Safety and Alpine Helicopters responded around 2:30 p.m.

Prime Minister Justin Trudeau arrives on Parliament Hill in Ottawa on Monday, Oct. 19, 2020, following a week-long break for the House of Commons. THE CANADIAN PRESS/Sean Kilpatrick
One crisis after another for Trudeau since last federal election one year ago

It has been a year of unprecedented calamity and crisis

Members of the Sipekne’katik First Nation load lobster traps on the wharf in Saulnierville, N.S., after launching its own self-regulated fishery on Thursday, Sept. 17, 2020. THE CANADIAN PRESS/Andrew Vaughan
Vancouver Island First Nations back Nova Scotia’s Indigenous lobster fishermen

Nuu-chah-nulth Tribal Council calls for action before lives are lost

Skiers line up to start the Royal LePage Comox Valley Snow to Surf Adventure Relay Race. Photo by Tim Penney
Popular Comox Valley adventure race cancelled for 2021

COVID forces Comox Valley Royal LePage Snow to Surf Adventure Relay Race cancellation again

Rio Tinto Alcan’s aluminum smelter at Kitimat competes against producers in the Middle East and Russia that have no carbon tax. (Rio Tinto)
B.C. carbon tax highest in Canada, export industries unprotected

B.C. NDP, B.C. Liberals say they’re looking at exemptions

(Pixabay)
Vancouver teacher suspended after swearing, touching students and complimenting underwear

McCabe touched students, including rubbing their backs and necks, touching their hair and hugging them

Most Read