There will have been starts on 135 new single-family homes and 50 units of multiple-family housing in Prince George and area by the end of this year, Canada Mortgage and Housing Corporation (CMHC) is predicting in its quarterly outlook released Friday.
Both are a downward revision from 145 homes and 65 units predicted in July.
However, its prediction of 155 homes and 35 units in 2012 remains untouched. There were starts on 46 homes and three units during the third quarter of this year, compared to 64 homes and 26 units during the same period in 2010.
CMHC is also holding fast to its prediction of 995 sales in the resale market for the year at an average price of $247,500, compared to 1,034 sales for $240,667 each over 2010.
And CMHC revised upward its sales prediction for 2012, to 1,000 sales for $253,000 each, from 950 sales at the same average price in its third quarter outlook.
Sales of homes, both new and used, amounted to 336 at an average price of $243,561, versus 261 homes for $229,541 during the third quarter of 2010. Year to date there have been 833 sales for $242,702 each down from 870 at an average $246,716 by the same point in 2010.
