Building Permit Values Up on Vancouver Island

Posted on Jun 7, 2019

Vancouver Island Construction Association

The Vancouver Island Construction Association (VICA) has released their first quarter report for building permits on Vancouver Island and Powell River.  Total building permits issued in the region during the first quarter of 2019 totalled $610.0 million, up 26 per cent from the fourth quarter of 2018.

Building permits were higher in most regional districts except in Alberni-Clayoquot and the Comox Valley. Large gains over the prior quarter occurred in the Nanaimo and Strathcona Regional districts. 

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Shortage of Workers A Growing Concern for BC Construction

Posted on Oct 29, 2018

The British Columbia Construction Association (BCAA) estimates 15,000 construction jobs will go unfilled this year and some subcontractors are hiring foreign illegal workers to deal with the shortage, according to the Oak Bay News. A survey by the Independent Contractors and Businesses Association of BC suggests while most companies are preparing for growth, 60 per cent of construction companies report a shortage of qualified workers.

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Building Links Releases Third-Quarter Construction Statistics

Posted on Oct 15, 2018

Building Links, the North Vancouver Island construction report has released its third quarter, year-to-date construction statistics, which compares the permits and construction values for the first 9 months of 2017 and 2018.

They report that total construction values for the Comox Valley and Campbell River now total $223 million for the year, with a $68 million increase from last year, and an $84 million increase from 2016.

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CMHC August Stats for Vancouver Island

Posted on Sep 24, 2018

“The Victoria Census Metropolitan Area (CMA) housing starts trended higher in August on elevated multi-family construction. A large majority of the starts were in Langford, concentrated in rental projects. Year-to-date starts were up 32% in 2018 from 2017,” said Braden Batch, CMHC’s senior analyst. “The increase in starts was not reflected in the single-detached numbers, which were down 5% year-to-date.”

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