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March 11, 2010
Housing starts on the rise in February Building in Vancouver helps boost new home numbers
Kara Kruzeniski watches the popular movie Coraline in her family’s media room. Such rooms in new homes are bigger, better and more high-tech than ever before. Rob Newell photo
New homes: rooms with a view Media rooms offer more in Metro Vancouver residences TRICIA LESLIE It’s a new, technological world. And perhaps the most important query in this hi-tech era of flatscreen plasma TVs, PS3, Xbox 360, BluRay and all related video games and movies, is: where to watch the
hockey game or the big UFC fight with a few friends. The most popular answer is usually, the home with the best entertainment centre, or media room. And new homes in Metro Vancouver certainly feature the best of what a home can offer, should the homeowners choose to create their own entertainment theatre. For the Kruzeniski family, the home entertainment theatre in a Raicon Developments showhome was one of features that
sold them on their new home. Set up in the home’s downstairs area, the room features a giant projection screen against a brick wall, with the projector and speakers mounted and wired – but the wires are hidden out of sight. Chic, built-in millwork offers plenty of space for the system’s hardware, which closes behind cupboard doors tidily. A computer set up behind two couches can also be wired to CONTINUED ON P.2
New homes are hot in Metro Vancouver. According to Canada Mortgage and Housing Corporation, February was another strong month for housing construction, with ground broken for 1,402 new housing units in the Vancouver Census Metropolitan Area in February. That is double the number recorded for the same month one year ago, says a CMHC release. For the first two months of 2010, the housing starts tally was 2,319, reports the CMHC, which is 77 per cent higher than the same period in 2009. However, these increases should not “We are be overstated, since the on our first few months of 2009 saw some of the lowest way back levels of homebuilding to healthy on record, so yearlevels of over-year comparisons are large, cautions the new home construction CMHC. Home starts this year in line are forecast to be higher with home than 2009, but below five-year average. ownership the“We are on our way demand.” back to healthy levels of new home construction in line with home ownership demand,” notes CMHC senior market analyst Robyn Adamache. The main boost to housing starts in February was from a few large-scale, multiple-unit residential projects in the City of Vancouver, while the number of new single-detached residential homes to break CONTINUED ON P.2