B.C. Contractors took out almost $528.4 million worth of residential building permits in January…number is down about 21 per cent from December but is almost 207-per-cent higher than January 2009…
Across Canada, the value of residential permits rose 4.1 per cent from December to $4 billion, up almost 200% from Jan 2009…
(Source: The Vancouver Sun)
Construction across B.C. eased off in January from the gains seen up to the end of the year, with contractors taking out almost $685 million worth of building permits that month, a 23-per-cent decrease from December.
The drop was mostly in the non-residential sector, where contractors took out only $156 million in permits to build new buildings, down nearly 29 per cent from the previous month.
Residential construction, while down almost 21 per cent from December to $528.4 million, still reflects the rebound in residential building in B.C.
Read the full article, “B.C. construction drops 23 per cent from December to January” in the Vancouver Sun (March 5 2010).