Issue 17-52: Building Permits
March 13, 2017
The value of building permits issued by B.C. municipalities jumped 19.5% (seasonally adjusted) in January as planned spending on both residential (+14.2%) and non-residential (+35.7%) projects climbed. Building intentions for institutional and governmental buildings led the decline (+45.4%), but commercial (+33.5%) and industrial (+32.3%) permits were also up.
Nationally, builders took out $7.6 billion in building permits in January, 5.4% more than in December 2016. Alberta, B.C. and Manitoba played the biggest role in the overall monthly increase.
Regional Building PermitsThe value of building permits issued by regions in the province was up 5.0% (unadjusted) in January, compared to the same month last year, with increased activity in most regions. Mainland/Southwest (+0.3%) posted a modest increase, but the value of planned construction in other parts of the province increased at double- and even triple-digit rates. The biggest spike was in Northeast, where permits soared 194.5% to $5.1 million, up from $1.7 million in January 2016. The boost was largely due to planned spending on industrial and commercial buildings. Nechako (+68.1%), North Coast (+65.5%) and Vancouver Island/Coast (+45.4%) also posted big increases, while planned spending in Mainland/Southwest (+18.4%) and Kootenay (+38.5%) rose at a slower pace.
Data Source: Statistics Canada (Regional data produced by BC Stats from unpublished data)