Building permits bounce back in Metro VancouverPosted on August 7th, 2015
The total value of building permits rose 52% to $774.0 million in Metro Vancouver compared to $510.6 million in June 2014, according to data released today by Statistics Canada.
Residential building permits increased 60% to $534.4 million compared to $333.4 million last year.
Non-residential permits were 35% higher at $239.6 million compared to $177.2 million one year ago.
- Commercial permits increased 19%.
- Industrial permits increased 449% higher.
- Institutional-government permits increased 63%.
“Building permits have rebounded across all sectors,” said Andrew peck, vice-president and general manager, Royal Pacific Realty Group.
“We think this will continue for the remainder of the year, making 2015 come in about 25% higher than 2014.”
|Building Permits Issued – Metro Vancouver|
|Total||Non-Residential Permits||Residential Permits|
|(Dollars – Thousands)|
|Source: Statistics Canada|
For information, contact Andrew Peck, vice-president and general manager at email@example.com. Andrew is away travelling on business.