Housing starts rebounded in 2010

New home starts in Metro Vancouver soared 82 per cent last year, a strong rebound after 2009’s sharp downturn of construction activity amid the financial crisis.

Builders started 15,217 new homes in 2010, up from 8,339 in 2009.

More than two-thirds of the new homes were multi-family units.

Vancouver, Burnaby and Coquitlam saw big jumps in condo construction activity.

The Tri-Cities actually had the biggest percentage jump in housing starts in the region, up 174 per cent from 2009.

Surrey had 1,915 single detached house starts, by far the most in the region and about 55 per cent more than the previous year.

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