The total value of Vancouver’s building permits dropped 10.9% to $503.4 million in April, according to a report released this morning by Statistics Canada.
Vancouver’s April tally still represents a 45.7% year-over-year increase for the city.
Also in April, Victoria’s building permits rose 33.5% to $53.2 million, for a 3.7% year-over-year increase.
Kelowna and Abbotsford-Mission saw the value of their building permits drop sharply in April, by 46.5% and 45.4%, respectively. Year-over-year, this represented a drop of 25.5% for Kelowna and 18.3% for Abbotsford-Mission.
For B.C., total building permits were down 10.9% in April, led by a 39.1% monthly drop in non-residential permits. B.C.’s year-over-year numbers still show 14.7% growth, with total permit value rising to $761.7 million last month from $663.9 million in April 2010.
Nationally, Statistics Canada reported that the value of building permits fell 21.1% to $5.3 billion in April, following two monthly increases. That drop, the agency said, was led by a decline in construction intentions for institutional buildings in Ontario.
April’s national figures represent a 19.7% year-over-year drop in Canada’s construction intentions.
Jenny Wagler
Twitter: JennyWagler_BIV