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

Victoria student out $600 for lack of e-bike insurance blames confusing rules

B.C. regulation says e-bike motors must turn off if rider stops pedalling, or bike must be insured

Bus crash survivor petitions Justin Trudeau to fix road where classmates died

UVic student’s petition well over halfway to 5k signature goal

Expect rain in normal Vancouver Island intervals, but bigger buckets

Weather Network predicts a typical amount of rainy days this fall on Vancouver Island

Rain raises water levels in Cowichan Lake

Possibility that pumps could be shut down soon

Central Saanich strawberry farmer reports bumper crop

Strawberry season could last well into October

‘I shouldn’t have done it,’ Trudeau says of brownface photo

Trudeau says he also wore makeup while performing a version of a Harry Belafonte song

35 of 87 dogs in 2018 Williams Lake seizure were euthanized due to behavioural issues, BCSPCA confirm

The dogs did not respond to the behaviour modification and remained terrified of humans

Pumps at Cowichan Lake shut down

Recent rain raised water levels enough to halt need for emergency feed to Cowichan River

B.C. ‘tent city’ disputes spark call for local government autonomy

UBCM backs Maple Ridge after province overrules city

Break out the tiki torches: Open fires allowed again in B.C.’s coastal region

All open fires allowed effective at noon on Sept. 18

Man faces 11 charges after accidentally discharging bear spray around Victoria cops

Drugs, weapons found in wake of unintended downtown discharge

B.C. MLA calls on province to restrict vaping as first related illness appears in Canada

Todd Stone, Liberal MLA for Kamloops-South Thompson, introduced an anti-vaping bill in April

Chilliwack woman wins right to medically assisted death after three-year court battle

Julia Lamb has been the lead plaintiff in a legal battle to ease restrictions on Canada’s assisted dying laws

Most Read