The Victoria CMA continues to enjoy a building boom, while many parts of Canada, especially Ontario, are slowing down. Black Press File.

Building boom continues in Greater Victoria as other parts of Canada go bust

Canada’s largest province, Ontario, is slowing down as B.C. continues to grow

The building boom in Greater Victoria continues, notwithstanding developments elsewhere in Canada.

New figures from Statistics Canada show the value of building permits rose 72.6 per cent between November 2017 and November 2018 to $131.2 million to $76 million in the Victoria Census Metropolitan Area (CMA), which led the province in terms of growth. The Vancouver (CMA) grew by 63.4 per cent during the same period to $1.1 billion from $673.4 million.

RELATED: Building permits up, but residential construction softening in Greater Victoria

Victoria and Vancouver countered the prevailing national trend, with the total value of all building permits rising 7.6 per cent. In fact, the national value of building permits barely rose between November 2018 and October 2018, rising 2.6, likely because of weakness in Ontario, where the value of building permits declined by 10.3 between October and November 2018.Year-to-year, the value of building permits dropped 9.3 per cent in Canada’s largest province.

RELATED: Building permit value more than doubles in Victoria since last year

By comparison, building permits in B.C. rose 14.3 per cent between October 2018 and November 2018 and 44.7 per cent between November 2017 and November 2018 — best in the nation, ahead of Quebec, where building permit values rose 42.3 between November 2017 and November 2018.

Quebec is also home to the CMA with the fastest rising building permit values, as Quebec City recorded a growth of 177.3 per cent to $224.1 million from $80.8 million.

Overall, building permits increased in six provinces in November, led by British Columbia and Quebec. Meanwhile, the value of permits rose in 14 of the 36 CMAs, led by Montréal, Vancouver and Calgary.


Like us on Facebook and follow us on Twitter

wolfgang.depner@saanichnews.com

Just Posted

Savory School music room addition a hit

School’s PAC praises Legion’s generosity

VicPD honours seven citizens for their courage and dedication

Civic Service Awards presented at ceremony in Hall of Honour

‘It’s just hair:’ Central Saanich woman chops her locks for Wigs for Kids

Wigs for Kids BC will receive two 12-inch braids from Brentwood Bay resident Liza Glynn

New orca calf in Salish Sea ‘healthy and active’

Birth cause for celebration but things still dire genetically, expert says

POLL: Should people have to license their cats?

The Victoria Natural History Society has sent letters to 13 municipalities in… Continue reading

Second fatal crash occurs in Alberni Valley

Traffic on Highway 4 is being re-routed as investigators are en route

Indigenous energy summit includes session on pipeline ownership options

Steven Saddleback of the Indian Resource Council says a session will feature presentations on financing models

Japanese grand champion Kisenosato retires from sumo

The 32-year-old Kisenosato was the first Japanese-born wrestler in 19 years to gain promotion to sumo’s highest rank

UPDATE: Accused B.C. high school killer found fit to stand trial

Gabriel Klein is accused in the 2016 stabbing death of Letisha Reimer at Abbotsford Senior Secondary

Right-wing, neo-Nazi, white supremacist groups an increasing concern: Goodale

Ten people died in April 2018 when Alek Minassian allegedly drove a rental van down the busy stretch in Toronto

Canadian stock exchanges to conduct lottery for ‘POT’ ticker amid high demand

The symbol became available after fertilizer Potash Corp. officially merged with Agrium Inc. in early 2018

VIDEO: Mattress fire at Cowichan Hospital under investigation

The Cowichan District Hospital was locked down on Tuesday afternoon due to… Continue reading

Most Read