Vancouver building permits set record; commercial set for busy year ahead
Analysis of recent StatsCan data shows that building permits issued in October for Vancouver’s Lower Mainland-Southwest region exceeded $1 billion, setting a new record. The Vancouver Regional Construction Association says that the commercial permits issued surged by 331 per cent from September and contributed $357 million to the total. For the year to the end of October commercial permit values were up by 28 per cent on the previous year especially for hotels and restaurants. Experts say that 2015 was looking like a busy year even before the latest figures.