Jeff Qian 钱 晔 // 778-238-2014 //

Canadian Building Permits

The total value of Canadian building permits fell 14.5 per cent on a monthly basis in May and was down 4 per cent year-over-year. Weakness in permit activity was widespread both across residential and non-residential sectors and geographically with 5 provinces posting monthly declines. 

Following two months of very strong permit activity, the value of building permits issued in BC declined 8 per cent on a monthly basis, but was up 8 per cent year-over-year. The always volatile non-residential permits tumbled 38 per cent on a monthly basis and were 22 per cent lower than May 2014. The value of permits in the residential sector increased 7 per cent in May on a monthly basis and were 22 per cent higher year-over-year.  

Construction intentions were mixed in BC's four census metropolitan areas (CMA). Permits in the Abbotsford-Mission CMA more than doubled on both a monthly and year-over-year basis. In the Kelowna CMA, permits jumped 98 per cent from April and were 93 per cent higher year-over-year.In the Vancouver CMA, permits fell 13.2 per cent on a monthly basis but rose 7 per cent year-over-year. 
 In the Victoria CMA, permit activity was down 34 per cent on a monthly basis and was 19 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Your Email (will not be published): *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.