Island-wide Q3 building permits rebound in Around Town
Your Weekly Construction Briefing
According to the Vancouver Island Construction Association Q3 report on construction activity, the total value of building permits issued during the third quarter of 2020 rebounded to $681.6 million, or 40 per cent above the second quarter of 2020.
Residential building permits edged three per cent higher over the second quarter but decreased 13 per cent compared to the third quarter of 2019. The value of non-residential permits rose 252 per cent to $254.5 million between July and September of this year, and commercial permits jumped 416 per cent to $210.5 million. Institutional-government permits rose by 66 per cent to $28 million in the quarter, while industrial permits fell 31 per cent.
Leading in building activity was the Powell River Regional District with a 363 per cent increase, followed by Mount Waddington with 216 per cent, Comox Valley with 123 per cent, Alberni-Clayoquot with 97 per cent, and Strathcona with 56 per cent increase. Nanaimo saw a 1 per cent decrease overall with a 5 per cent increase in residential.
Visit vicabc.ca for the full report.
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