Canadian building permits posted strong growth in May,
rising 13.8 per cent from April. The
increase was the result of higher construction intentions for BC multi-family
units as well as commercial buildings in Manitoba and Ontario.
New building permits in BC rebounded from large declines
in April, jumping 30.7 per cent month-over-month and 7.7 per cent
year-over-year in May. The dollar value of residential permits rose 29.1 per
cent on a monthly basis and 2.5 per cent year-over year while non-residential
permits were up 34.2 per cent from April and 20.9 per cent year-over-year.
Building permit activity was mixed in BC's four census
metropolitan areas (CMA). Permits in the Abbotsford-Mission CMA fell 47.5 per
cent from April and were 47.9 per cent lower compared to May 2013. Similarly, construction intentions in the
Kelowna CMA fell 20.4 per cent from April but were 5.5 per cent higher
year-over-year. In the Victoria CMA, permits increased 74.3 per cent on a
monthly basis and more than doubled year-over-year. Finally, in the Vancouver
CMA, permits bounced back from declines
in April, jumping 59.4 per cent on a monthly basis and were 6.5 per cent higher
year-over-year.
Copyright BCREA – reprinted with permission
No comments:
Post a Comment