Issue 18-137 Building Permits
August 8, 2018
The value of building permits fell 1.8% (seasonally adjusted) in June from the previous month. An increase in permits for institutional (+8.8%) buildings could not offset decreases for industrial (‑40.4%), commercial (‑2.1%), and residential (‑0.2) projects. The value of permits declined in Vancouver (‑2.6%), where most of the province’s building activity occurs, as well as in Abbotsford-Mission (‑27.0%) and Kelowna (‑12.3%). Victoria (+9.2%) saw an increase in building permits.
Nationally, building permits decreased by 2.3% in June. There was growth in the Atlantic Provinces (+3.0%), Ontario (+1.3%), and Alberta (+0.5%). Conversely, the value of permits contracted in Saskatchewan (‑29.2%), Manitoba (‑15.6%), and Quebec (‑8.4%).
Regional Building Permits
Through June of 2018, the value of building permits issued in the province’s regions climbed 17.2% (unadjusted) above the level recorded twelve months earlier. Investment intentions were up in most regions ranging from 3.1% in Thompson/Okanagan to 89.9% in Cariboo. Planned spending rose in Mainland/Southwest (+16.8%), where increases in commercial (+34.0%) and residential (+20.6%) building permits offset decreases for institutional and governmental (‑41.4%) and industrial (‑27.1%) projects. Overall permits increased in Vancouver Island/Coast (+29.9%) and Kootenay (+16.4%), while the Nechako (‑43.5%), North Coast (‑11.7%), and Northeast (‑9.8%) regions saw a decline in the value of permits.