News Article Details

July Housing Starts in Vancouver Remain Stable

Aug 20, 2014
By Emma Crawford Hampel, BIV Mon Aug 11, 2014 8:56am PST Posted by Peak Disposal Services Inc. Total housing starts in the Vancouver Census Metropolitan area were trending at 18,345 units in July, according to Canada Mortgage and Housing Corporation (CMHC) data released August 11. The figure, a six-month moving average of seasonally adjusted annual rates, is less than half a percentage point lower than the 18,420 units June. “The trend measure for housing starts was on par with June levels,” said CMHC senior market analyst Sarena Teakles. “Increased construction activity of single-detached, semi-detached and townhouses was offset by a lower level of apartment starts.” Housing starts also remains steady across the province, with starts trending at 25,515 in July – almost on par with June’s 25,445. “The trend level of housing starts was relatively unchanged in July compared to June across most home types,” said CMHC BC regional economist Carol Frketich. “New construction activity in the province remains in line with CMHC’s outlook for the year.” Housing starts were up 2% Canada-wide. “Overall, housing looks to be on a slightly upward trend again, one that could see it revert to a modest growth contributor for a while, after posting negative contributions to GDP growth of late,” Avery Shenfeld, CIBC World Markets Economics, said. “But we have been at lofty levels relative to demographic demand, and as a result, it’s unlikely that homebuilding will be a growth contributor in 2015.” Shenfeld said that the slight upward growth will be a “mild plus” for the Canadian dollar, slightly offsetting the effects of the less-than-stellar employment figures released August 8. The CMHC said it uses a six-month moving average to account for swings in monthly estimates as it gives a more complete picture of the market. Looking at monthly data on its own can be misleading due to the possibility of large variations month-to-month, said the organization.
  • All about Peak Disposal Services Inc
  • Photo Gallery
  • Latest Peak Disposal Services Inc. Company News
  • Our Environmental Responsibility
  • Our commitmnet to the LEEDs program
  • What gets recycled with each load

Which Area Are You In?

Not sure if we service your area? Select the
area you live in above and find out if our
services are available in your area.
  • Request A Disposal Bin Rental Quote
Looking to get a quick price on disposal bin
rentals? Click the button above and fill out our
quote request form.

Available Bin Sizes

Use the arrows on the left and right side to scroll through our available disposal bins. For more information on a particular bin, just click on the bin.