The total value of building permits rose 14.8 per cent in June to $7.7 billion, following a 13.9 per cent drop in May, reports Statistics Canada.
Canadian Apartment Magazine
The City of Vancouver issued $2.83-billion in building permits last year, exceeding previous records set before the recession in 2008. Building permit values increased 28 per cent, year-over-year, from 2013 and 77 per cent from 2008. Several multi-family rental developments were key contributors to the substantial gain.