Metro Vancouver building permits leap more than 42 percent

The value of building permits isssued in Metro Vancouver jumped by more than 42 per cent from May to June, almost entirely due to multi-family residential permits, Statistics Canada reported this morning.

The value of permits rose from $370 million to more than $529 million, the federal data-gathering agency said.

The June total represents an increase of more than seven per cent from June of 2010.

Meanwhile the value of permits issued in the Abbotsford census metropolitan area dropped by more than 82 per cent from the May total.

Nonetheless, Abbotsford’s June numbers are a 91-per-cent increase over the same month last year.

The value of permits issued in the Victoria region rose by almost 17 per cent.

Source: The Vancouver Sun

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