Issue 20-20: Building Permits
February 12, 2020
The value of building permits issued by B.C. municipalities climbed (+7.1%, seasonally adjusted) in December, adding to a slight (+0.8%) increase recorded in November. Residential permits jumped (+22.4%), more than reversing the previous month’s (-6.5%) loss. Conversely, the value of non-residential permits dipped (-24.6%), as planned spending on commercial (-15.0%), industrial (-25.4%) and institutional and governmental (-56.3%) projects slowed. Vancouver (+25.3%) and Victoria (+26.2%) saw double-digit increases in overall activity, while Kelowna (+2.7%) also saw the value of permits rise in November, though to a lesser degree. In contrast, a hefty decrease was seen in Abbotsford-Mission
Nationally, planned spending climbed 7.4%, with both residential (+6.8%) and non-residential (+8.3%) permits on the rise.
Data Source: Statistics Canada