Issue 19-194 Building Permits
December 13, 2019
The value of building permits issued by B.C. municipalities declined 21.2% (seasonally adjusted) in October, following a 6.9% boost recorded in September. The decrease reflects a dip in the value of permits for both the non-residential (-48.3%) and residential (-1.8%) sectors. Commercial projects (-58.9%) posted the most significant drop, but planned activity for the industrial (-21.2%) sector was also down notably. A 3.4% climb in the value of permits issued for institutional and governmental projects only moderated the overall decrease slightly. A substantial increase in the value of permits in Abbotsford-Mission (+88.4%) was not enough to offset the declines in Vancouver (-24.2%), Kelowna (-30.5%) and Victoria (-39.1%).
Nationally, permits were down 1.5% in October, with decreases in other provinces ranging from -3.4% in Ontario to -19.5% in Newfoundland and Labrador. Conversely, Manitoba (+74.3%) posted the most notable rise in building activity.
Data Source: Statistics Canada