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B.C.’s September building permits up 55.8%

B.C.’s building permits hit $1,027.1 million in September, up 55.8% from September 2011, according to Statistics Canada data released this morning. Nationally, the country’s construction intentions rose 15.
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real estate, Statistics Canada, B.C.’s September building permits up 55.8%

B.C.’s building permits hit $1,027.1 million in September, up 55.8% from September 2011, according to Statistics Canada data released this morning.

Nationally, the country’s construction intentions rose 15.6% for that same 12-month period.

B.C.’s increase was driven by an advance in commercial buildings and single-family dwellings.

For the same period, Vancouver’s building permits rose 81.1%, compared with an average rise of 20.1% across Canada’s census metropolitan areas.

B.C.’s monthly rise was 14.5% in September, compared with a national decline of 13.2%. Vancouver’s monthly rise was 20.9% in September.

Statistics Canada stated that nationally, the monthly decline was mostly driven by drops in permits in the non-residential sector.

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