Residential building permits set new record in Metro VancouverPosted on September 9th, 2015
Metro Vancouver municipalities issued $1.027 million worth of building permits in July 2015, an increase of 33% from the $774 million in permits in June 2015.
Residential permits set a new record high in July, increasing at $815.6 million exceeding the earlier record this year in March which saw $662.8 million in permits recorded.
Institutional-government rose 48% to $50.7 million, while commercial permits declined 14% and industrial permits fell 73%.
“Record highs in residential permits set this year are a good indication of the strength of the local housing market and our growing economy,” said Andrew Peck, vice-president and general manager Royal Pacific realty Group.
Building Permits Issued – Metro Vancouver
|Total||Non-Residential Permits||Residential Permits|
|(Dollars – Thousands)|
|Source of data: Statistics Canada|
For information contact Andrew Peck, vice-president and general manager, Royal Pacific Realty Group @ email@example.com.
Andrew is away travelling on business.