Jeffrey Qián 錢 曄 // 778-238-2014 // info@jeffreyqian.com

Canadian Building Permits

Growth in Canadian building permits remained strong in June, rising 13.5 per cent from May.  The increase was primarily the result of an uptick in permit activity in Quebec and Alberta. 

New building permits in BC posted a modest decline, falling 6.2 per cent from May and 6.4 per cent year-over-year. The dollar value of residential permits fell 14.5 per cent on a monthly basis and 9.5 per cent year-over year. On a unit basis, permits fell 16 per cent compared to May, largely due to a decline in Vancouver multiple unit permits. Non-residential permits were up 12.1 per cent from April and were unchanged year-over-year. 


Building permit activity was mixed in BC's four census metropolitan areas (CMA). Permits in the Abbotsford-Mission CMA rebounded from a soft May, rising 102 per cent on a monthly basis and 49 per cent year-over-year.  Construction intentions in the Kelowna CMA rose 19.2 cent from May and were 50.2 per cent higher year-over-year. In the Victoria CMA, permit activity decreased sharply from a very strong May, falling 31.8 per cent on a monthly basis and 13.4 year-over-year. Finally, in the Vancouver CMA, permits  fell 17.8 per cent on a monthly basis and were 22.3 per cent lower year-over-year.

Comments:
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Your Email (will not be published): *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.