Issue 16-132: Building Permits
July 7, 2016
Municipalities in British Columbia issued building permits worth $1.2 billion (seasonally adjusted) in May, a 2.2% boost from the previous month. Expansions in non-residential building plans (+12.7%) were entirely responsible for the increase, as the residential sector saw a slight decline (-1.0%).
Nationally, the value of building permits slipped 1.9% in May. New Brunswick (-48.0%), Manitoba (-32.3%) and Alberta (-22.5%) registered the largest declines in permits, while Nova Scotia (+77.3%), P.E.I. (+16.7%) and Newfoundland and Labrador (+15.7%) posted the strongest increases.
Regional Building Permits
Year-to-date, building intentions in the province were up 8.9% in May. Cariboo (+62.1%) saw the largest growth, but gains were also recorded in Thompson/Okanagan (+27.5%), Vancouver Island/Coast (+22.3%), Mainland/Southwest (+4.8%), Kootenay (+1.8%), and Nechako (+0.6%). North Coast (-25.4%) and Northeast (-36.2%) were the only regions to see declines in permit values.