Categories: Vancouver Real Estate

Metro Vancouver building permits leap more than 42 percent

The value of building permits isssued in Metro Vancouver jumped by more than 42 per cent from May to June, almost entirely due to multi-family residential permits, Statistics Canada reported this morning.

The value of permits rose from $370 million to more than $529 million, the federal data-gathering agency said.

The June total represents an increase of more than seven per cent from June of 2010.

Meanwhile the value of permits issued in the Abbotsford census metropolitan area dropped by more than 82 per cent from the May total.

Nonetheless, Abbotsford’s June numbers are a 91-per-cent increase over the same month last year.

The value of permits issued in the Victoria region rose by almost 17 per cent.

Source: The Vancouver Sun

Chris Stepchuk

Recent Posts

Why a high strata property insurance deductible might actually be a good thing!

Strata Property Insurance premiums have increased dramatically here in BC over the past decade, and…

6 days ago

Why do Special Levy charges show up on my ledger when they are not yet due?

This is a question that we get asked ALL the time! A Strata owner will…

2 weeks ago

What exactly is an “Urgent” issue when it comes to Strata Management?

Based on the number of calls we receive through our emergency afterhours line, I think…

3 weeks ago

Can Strata Council members be paid?

We get asked quite frequently IF sitting on Council can be a paid position? The…

4 weeks ago

Why it might be better for you to remain a self-managed strata corporation

  It may seem counter-intuitive for us to say this since many of our current…

1 month ago

Strata Management services are like a timeshare

Why are strata management services like a timeshare? Well, it’s important to remember that when…

1 month ago