Jeff Qian 钱 晔 // 778-238-2014 //

Canadian Building Permits

The value of Canadian building fell 12.9 per cent in January, largely as a result of lower non-residential construction intentions in Alberta, BC and Ontario. 

In BC, lower building permits were registered in both the non-residential and residential sectors. The total value of building permits fell 24.2 per cent to $768 million from over $1 billion in permits in December. Total permits were also down 15.5 per cent year-over-year. Both non-residential and residential permits were lower in January, but most of the decline was a result of a steep decline in non-residential construction intentions. 

Construction intentions were mostly lower in BC's four census metropolitan areas (CMA). Permits in the Abbotsford-Mission CMA fell 33.4 per cent on a monthly basis and 40.5 per cent year-over-year.The Kelowna CMA was the only BC CMA that posted higher permit values in January, with permit values growing 19.9 per cent from December and 58.6 per cent over January 2013.  In the Victoria CMA, permit activity declined 27.4 per cent on a monthly basis and was 25.9 per cent lower year-over-year. In the Vancouver CMA, permits were down 32.7 per cent on a monthly basis and were 25.9 per cent lower year-over-year.

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Your Email (will not be published): *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.