Published 29 days ago • loading... • Updated 29 days ago

New building permits in B.C. jump by almost 30 per cent in December

New building permits in B.C. Increased by 29.5% in December 2024, which is six percent more than in Ontario and nearly three times the Canadian rate overall .
Permits for multi-unit housing surged by 56.5%, while the overall number of new starts dropped by 9% due to fewer single-detached units.
Brendon Ogmundson, chief economist with the British Columbia Real Estate Association, noted that the jump in permits is encouraging but cautioned about difficult market conditions that could delay new construction projects.
Vancouver remains the most expensive city to rent in Canada, with one-bedroom rents at $2,522, despite a year-to-year decrease of 6%.

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Caledonia Courier

+7 Reposted by 7 other sources

New building permits in B.C. jump by almost 30 per cent in December

BCREA Chief Economist calls numbers encouraging, even as tariffs cast cloud over that trend continuing

29 days ago

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Hospodářské Nnoviny (HN.cz)

Downturn in construction has rocked us, new building permits give us hope, says boss of lock maker FAB

“Our business is like an airplane. We flew through the clouds and everyone had to be attached,” Pavel Jirásek, head of Swedish company Assa Abloy Opening Solutions, evaluates the industry situation for HN. The company manufactures locks of the well-known Czech brand FAB.

29 days ago

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