BC leads permits to record high but there’s a good reason why

by Steve Randall11 Jun 2019

Canadian municipalities issued a record high of $9.3 billion worth of building permits in April.

British Columbia led the gains with builders keen to beat the rise in development costs being introduced in Metro Vancouver the following month; but there were gains for six provinces overall.

Statistics Canada says that the national gain of $1.2 billion in April was the largest monthly gain since May 2007.

For the residential sector, multifamily permits saw a 24.5% rise to $5.9 billion in April, while the single-family sector gained 5.1% to $2.2 billion.

British Columbia contributed $2.4 billion to the national total, with multifamily gaining $880 million in the Vancouver CMA alone.

Ontario led the gain for single-family with a $67 million increase but Quebec posted the largest overall decrease, of $147 million.


For the non-residential sector, there was a 1.1% increase in permits issued compared to the previous month.

That means an April total of $3.4 billion, with industrial building intentions gaining across nine provinces. A food processing plant in the London CMA accounted for much of this.

Following a strong March, institutional and commercial permit issuance was lower in April.

Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate

Market update:

Get help choosing the best mortgage rate

Just fill in a few details, and we'll arrange for a Mortgage adviser to help you find the best mortgage for your needs

  • How soon do you want a mortgage?
  • Name
  • Where do you live?
  • Phone number
  • E-mail address

Industry news

Submit a press release


Do you invest in commercial properties?