B.C. Building Permits Continue an Upward Trend

Total building permit acitvity in May was 2.2% higher than April and was the third consecutive month of over $1.1 billion in permits.

On a year over year basis permits were 20.3% higher than the previous year, led by a 22.6% increase in non-residential permits.

In fact, non-residential permits dropped slightly in May but remained 19.5% higher than the previous year.

In Vancouver's Central Metrolpolian Area (CMA) building permits rose 9% on a monthly basis and were up 23% year over year.

Abbotsford-Mission jumped a whopping 40% on a monthly basis but were 4.9% lower year over year

In Victoria CMA permit activity dropped 23% on a monthly basis but increased 26% compared to May 2015.

 

July 7, 2016

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