Building Permits Fell In September

Canadian Building Permits - November 5, 2012

Canadian building permits fell 13.5 per cent in September following a 9.5 per cent rise in August. The decline in permits was primarily driven by a drop in non-residential permitting activity.

Construction intentions in BC jumped 14.5 per cent in September, leading all provinces.

The total dollar volume of permits exceeded $1 billion for the second time in the past three months, led by continued strength in non-residential permitting activity, which jumped 44 per cent month-over-month and 163 per cent year-over-year. September residential permits were 4 per cent lower compared to August, but were 14 per cent higher than September 2011.

Permit activity was markedly higher in three of BC's four major metropolitan areas:
  1. Vancouver saw total permits increase 21 per cent month-over-month and 81 per cent year-over-year in September.
  2. Abbotsford permits tripled from August levels and were more than doubled year-over-year.
  3. Victoria recorded an 81 per cent increase over August and 45 per cent compared to September 2011.
  4. Kelowna saw construction intentions sag, with permits falling 50 per cent month-over-month and 33 per cent year-over-year. 


For more information, please contact:

Cameron Muir
Chief Economist
Direct: 604.742.2780
Mobile: 778.229.1884
Email: cmuir@bcrea.bc.ca


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