Issue 17-145 Building Permits
November 8, 2017
The value of building permits climbed 13.6% (seasonally adjusted) in September from the previous month. An increase in permits for institutional (+73.2) and residential (+15.6%) projects offset decreases for industrial (‑16.0%) and commercial (‑4.5%) buildings. The value of permits rose in Vancouver (+22.8%), where most of the province’s building activity occurs, as well as in Abbotsford-Mission (+8.2%) and Victoria (1.1%). Kelowna (‑29.2%) saw a decrease in the value of permits issued.
Nationally, building permits increased by 3.8% in September. This growth was fueled by increases in the Atlantic provinces (+17.6%), Alberta (+14.7%), and British Columbia (+13.6%). The value of permits contracted in Saskatchewan (‑16.3%) and Quebec (‑6.5%).
Regional Building Permits
Through September of 2017, the value of building permits issued in the province’s regions climbed 15.9% (unadjusted) above the level recorded in the same period last year. Investment intentions were up in most regions ranging from 5.5% in Kootenay to 158.1% in Nechako. Planned spending rose in Mainland/Southwest (+15.8%), where increases were seen for industrial (+58.7%), institutional and governmental (+50.9%), and residential (+14.6%) projects. Overall permits continued to increase in North Coast (+79.7%), Thompson/Okanagan (+22.8%), and Vancouver Island/Coast (+17.7%), while the only regions to see declines were Northeast (‑39.3%) and Cariboo (‑7.3%).