Building permit values rising in Abbotsford
Total building permit values in Abbotsford shot up in December, driven by a surge in public sector permits.
According to the Vancouver Regional Construction Association (VRCA), seasonally adjusted total building permit values in the Abbotsford region jumped 199 per cent from November, to $57.1 million. Non-residential permit values soared 332 per cent to $52 million from $12 million, while the value of residential permits decreased 28 per cent to $5.1 million from $7 million in November.
“Abbotsford saw its highest permit activity in December 2010 since April 2008,” said Keith Sashaw, president of the VRCA.
Public sector permits drove total permits with its highest level since March 2006, he said.
Commercial permits climbed to their highest level since April 2008 while residential permits remained at a low level in December, but are up in 2010 compared to 2009.
Total building permit values in the Abbotsford region are up 40 per cent to $202.4 million in 2010 compared to $144.4 million in 2009.
The rise is led by a 70 per cent increase in non-residential permits to $106.4 million. Residential permit values rose to $84.2 million, up 22 per cent compared to 2009.