Building permits on the rise
Posted June 5, 2013 8:12 am.
This article is more than 5 years old.
VANCOUVER (NEWS1130) – Building permits unexpectedly rose in April, led by multiple-unit housing in Vancouver despite months of sharply lower sales.
Municipalities in the Vancouver area issued permits for construction valued at $645 million, according to Statistics Canada. That’s 14.2 per cent higher than a year earlier and 50.2 per cent more than the previous month.
The Fraser Valley and Victoria also had surges in building permits.
Nationwide, building permits rose 5.4 per cent year-over-year to $6.96 billion, entirely due to condo and apartment projects.
