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B.C. suffers biggest monthly decline in building permits in April, StatsCan reports

The value of building permits in B.C. plummeted in April, according to Statistics Canada data released Thursday. Total building permit values fell 36.5% to $379.7 million from $597.5 million in March.

The value of building permits in B.C. plummeted in April, according to Statistics Canada data released Thursday.

Total building permit values fell 36.5% to $379.7 million from $597.5 million in March.

Much of the decline was in non-residential building permits, which fell 63.1% to $132.7 million from $359.9 million. However, the value of residential building permits in B.C. rose 4% to $247 million from $237.6 million.

Victoria saw the biggest decline in B.C. in April. Permit values fell 82.4% to $28.2 million from $159.8 million in March. Permit values dropped 78.8% in Abbotsford to $5.7 million from $26.7 million and 57.9% in Kelowna to $16.3 million from $38.7 million.

Vancouver permit values decreased 15.3% to $172 million from $203.2 million.

Nationally, contractors took out $4.3 billion in building permits in April, down 5.4% from March. Much of that decline came from a 14.4% drop in non-residential permits, which offset a 4.1% increase in residential permits.