Jeffrey Qián 錢 曄 // 778-238-2014 //

Canadian Building Permits - September 8, 2016

The total value of Canadian building permits increased 0.8 per cent on a monthly basis in July as the result of higher construction intentions in the institutional and industrial sectors, primarily in Alberta and Ontario. 

In BC, total permit activity was down 4.8 per cent from June to July, falling under $1 billion for the first time in several months.  On a year-over-year basis, the dollar value of building permits in the province was 15 per cent lower than July 2015, led by a 21 per cent decrease in residential permits. That could signal a modest slowing of construction activity in coming months following record construction activity in the first half of the year. 

Construction intentions were mixed in BC's four census metropolitan areas (CMA). Permits in the Abbotsford-Mission CMA  were down more than 50 per cent on both and monthly and year-over-year basis while the Vancouver CMA saw a 2.6 per cent decline from June and a 30 per cent drop year-over-year. Conversely, in the Kelowna CMA, permits were up 63 per cent from June and were 40 per cent higher year-over-year. In Victoria, construction intentions fell 32 per cent on a monthly basis, but were 30 per cent higher than in July 2015. 

No comments

Post Your Comment:

* indicates required fields.
Your Name: *
Please note, your email will not be shown publicly
Your Email (will not be published): *
Comment: *
Please type the text as it appears above:
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.