Home / Latest News / Homes for Sale in Vancouver – B.C.’s non-residential building permits down in April

Homes for Sale in Vancouver – B.C.’s non-residential building permits down in April

by Maggie Chandler on June 14, 2011

in Latest News

The value of building permits plunged much more than expected in Canada in April, with B.C.’s decline in the non-residential sector.

According to a Statistics Canada survey released Monday, the plunge was led by a big drop in Ontario activity, with permits dropping 21.1 per cent across the country during the month to $5.3 billion, following a 16.8-per-cent increase in March and a 9.8-per-cent rise in February.

“The non-residential and residential sectors both declined in April, with Ontario posting the largest decrease,” it said.

On average, economists had expected permits to fall by around six to 7.5 per cent in April.

The value of non-residential permits fell 33.2 per cent to $1.9 billion, due mainly to a decline institutional building activity in Ontario. Six other provinces also saw declines in the sector.

In B.C., the value of all permits reached $664 million in April, a 10.9-per-cent drop from March 2011 and a 14.7-per-cent increase from April 2010.

via vancouversun.com

Not good for the economy

Posted on Vancouver Real Estate-Vancouver Homes For Sale

Contact Us

We would love to hear from you! Please fill out this form and we will get in touch with you shortly.

Leave A Reply With Facebook

comments

Vancouver Home Search Vancouver Home Values

Post by

WELCOME! And thanks for checking out my site, and wanting to know a little bit about me. I LOVE what I do, and that’s helping home buyers and home sellers in the waterfront condo neighbourhoods of Vancouver and I’ve been doing just that for nearly 30 years, so I’ve really gotten to know this market like the back of my hand. In fact I’ve seen Vancouver’s neighbourhoods of Coal Harbour, Downtown, Kitsilano, False Creek North, the West End and now the Olympic Village being built and I have an in depth knowledge of these neighbourhoods. My interest in Vancouver’s history combines with my interest in the changes and growth of its waterfront neighbourhoods. If you see me walking on the seawall, playing tennis or boating, say hello! The city of Vancouver and its neighbourhoods of Coal Harbour, Downtown, Kitsilano, False Creek North, the Olympic Village and the West End have been put on the world map with its dynamic growth, international immigration, hosting the 2010 Winter Olympics, amazing world class restaurants, geographical beauty and quality of life. Consistently voted the Best City in the World to live, you can find great shopping, sports and entertainment in Vancouver. I assist first time and trade up home buyers, investors and vacation home buyers, as well as first time and trade up home sellers, investors and vacation home sellers with the purchase and sale of houses, townhouses and condominiums. I come armed with stats and graphs and an extensive knowledge of market activity, with attention to detail that will give you piece of mind that I’m working in your best interest, I am a hard working, detail oriented, diligent individual with strong interpersonal skills, patience and a high level of integrity . My goal is to make the home buying and the home selling a fun trip with low stress and I use today’s technology to make every real estate transaction as smooth as possible by clearly answering your questions, providing expertise and offering a savvy opinion. Providing trustworthy real estate services in the Vancouver area for over 30 years

has written 2262 articles.



Leave A Reply With Facebook

comments

Previous post:

Next post: