Housing boom in British Columbia slows in 2007
CMHC projects 37,000 new homes started in 2006 in BC the peak of a growth run while 34,900 starts are forecast for 2007 down 5.7 percent. Resale prices rise sharply with 17.7 percent in 2006, then 6.9 percent in 2007. Renovation spending to reach 6.0 billion in 2007 as housing stock turns yearly.
MENTIONED IN THIS ARTICLE
British Columbia
Canada Mortgage and Housing Corporation
CMHC
Carol Frketich
Frketich
Growth in Ellen Calliou area fuels housing boom talk
Ellen Calliou Economic Development Officer notes 2005 saw three new homes built with value around 1.316 million while 2005 rose to 2.323 million. 2006 records five commercial developments valued over six million. Earlier years show minimal activity with one home in 2001 and none in 2002 and 2003, two in 2004. The official calls the growth amazing.
MENTIONED IN THIS ARTICLE
Ellen Calliou
Protect landscape from drought damage
Severe drought grips many areas and authorities curb outdoor watering. Homeowners face costly losses as trees and shrubs wither. Use landscape fabric around trees to curb weeds, apply antitranspirant, and water with deep root feeding to cut runoff. One inch of weekly rain helps sustain trees and shrubs during restrictions.
Also Mentioned on This Page
ATA
Chetwynd Rcmp
District of
Chetwynd
Chet 94
Radio
Echo
Home Hardware Coffee Talk Express
Simply Perfect Catering
Wildcat Video
Chetwynd Recreation Centre
Tuaniies
Isto
Canadian Cancer Society
Heart and Stroke Foundation
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