CMHC has released the housing starts numbers for Victoria for May. You can find them here.
There were 138 housing starts in May. The majority of them came in Langford and Colwood. There were slightly fewer starts in May 2007 than in May 2006. However, for the year to date, housing starts are up nearly 12%.
We continue to see construction volumes not seen since 1976. If you build it, they will come? We'll see. I think there's a storm brewing out at sea.