Sun
B.C.’s residential construction industry continues to boom, latest numbers from Statistics Canada released yesterday show.
The October numbers showed the value of house building permits rose seven per cent to $705.3 million compared with $659.4 million in September.
On an annual basis residential permits have climbed an impressive 16.7 per cent to $5.7 billion from $4.9 billion a year ago.
It was not quite so rosy on the non-residential front with permits falling 7.8 per cent to $227.6 million compared with $246.9 million in September. However over the year the value of permits has soared 71.8 per cent to $2.7 billion from last year’s $1.59 billion.
On a combined basis permit values are running 30.2 per cent ahead of a year ago at $8.6 billion compared to $6.4 billion a year ago.
Across Canada the housing sector also continued to shine in October with the value of permits increasing 1.2 per cent from September to $5.2 billion.
© The Vancouver Province 2005
