Victoria, BC (May 14, 2019) – Building permits spiked 80 per cent in March 2019 over the previous month on the strength of a seasonal surge in residential permits, reaching $106.9 million compared to $59.4 million in February 2019.
Residential permits increased 183 per cent to $93 million in March, and institutional-government permits jumped to $4.4 million with educational and government buildings accounting for most of this activity.
“Compared to last year, total building permits issued were 18 per cent higher with non-residential up 122 per cent and residential up 11 per cent,” reported Rory Kulmala, Chief Executive Officer of the Vancouver Island Construction Association (VICA). “We continue to see strong activity across all segments of our construction industry.”
Year-to-date permits issued totaled $284.1 million, a decrease of 16 per cent from the same period last year. Residential permits were 26 per cent lower than in the first quarter of last year while non-residential permits were 445 per cent higher.
Building Permit data in the Victoria CMA, broken down by permit type, is below. Major projects contributing to the building permit data in the first quarter is also included. VICA will be releasing its detailed analysis of the first quarter of 2019 for Vancouver Island next week.
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