Province has largest decline in residential building permits in October: Statistics Canada

British Columbia had the country’s largest decline in the total value of residential building permits in October, according to Statistics Canada data released this morning.

British Columbia had the country’s largest decline in the total value of residential building permits in October, according to Statistics Canada data released this morning.

The total value of residential building permits in the province was $451.2 million in October, down from $543.1 million in September – a decrease of 16.9%.

Nationwide, the dollar value of residential permits declined 4.1% from $4.2 to $4.1 billion.

The provinces with the greatest gains were:

  • Prince Edward Island (25.9%);
  • Newfoundland and Labrador (18.3%); and
  • New Brunswick (16.1%).

Year-over-year, British Columbia’s residential permits decreased 7.7%, from $488.8 million in October 2011, compared with a national increase for the year of 13.4%.

ecrawford@biv.com

@EmmaCrawfordBIV

comments powered by Disqus

Also Read

More From Real Estate

Land accounted for nearly half the value of all commercial property sales in the Lower Mainland through the second quarter of this year 

Read Article

Each of the three penthouses atop the Trump International Hotel and Tower in downtown Vancouver will be priced from...

Read Article

Coquitlam exceeded 2013 total in first nine months of 2014 while Burnaby remains far below 2013 total

Read Article

Provincial B.C. Multiple Listing Service (MLS) sales growth decelerated in September, but activity firmed for...

Read Article

“New investment is focused on nodes that will be serviced by future light rail transit,” reports CBRE Ltd. in...

Read Article

Subscribe to our mailing lists

* indicates required

Newsletters

* You can modify your newsletter subscriptions at the bottom of any newsletter you receive.
×