Decline in BC Construction in Around Town

September 28, 2023

Your Weekly Construction Briefing

Last week, BC Stats released their Building Permits Highlights report for the first half of 2023.

This graph shows by percentage year-to-date changes in BC building permits.

The value of building permits in B.C. dropped by 12.9 per cent compared to January to July 2022. While there were increases in value for commercial projects (+6.6%), the value for industrial (-10.7%), residential (-15.4%) and institutional & governmental (-20.4%) projects decreased.

For residential, single dwelling units had the largest decrease (-33.6%), followed by apartment (-7.0%), and row (-2.8%) units.

Source: BC Stats September 2023 report

Building Links Construction Reports and Statistics: The weekly #1 construction projects resource for 27 years. New and updated projects, permits, tenders, and industry connections for Vancouver Island – Central North, West Coast and Powell River. Helping you build connections so you can build communities! Where are you getting your information from? Support local trades – Subscribe Now!

Click for 4 free issues