City of Vancouver Building Permit Values Soar to Highest Amount Since Pre-Recession Levels at $1.12 Billion

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“Low taxes, a highly-skilled work force, and reduced red tape at City Hall are helping us achieve the highest levels in building permit values since before the recession, including the construction of significant new rental housing,” – Mayor Robertson.

Vancouver is in the midst of a building boom. The City reports it is the 3rd year in a row that building permit values have exceeded a billion dollars in the first half of the year. The first half of 2014 recorded $1.12 billion in building permits, the highest amount since pre-recession levels. Here are the values of permits issued over the last 6 years:

  • 2014: $1.12 billion
  • 2013: $1.05 billion ($2.2 billion)
  • 2012: $1.03 billion ($2.6 billion)
  • 2011: $768.7 million ($1.7 billion)
  • 2010: $653.0 million ($1.5 billion)
  • 2009: $373.9 million ($1.3 billion)
  • 2008: $924.9 million ($1.6 billion)

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