Capital Regional District building permit value drops

Interior renovations, however, flourishing in Victoria

Steve Burgess

The value of building permits throughout the Capital Regional District slumped 15 per cent between September and October.

The decline is even sharper, at 38 per cent, when comparing October 2011 to the same month last year, according to new figures by Statistics Canada,

A dip in large projects after a busy summer is mostly to blame, according to the Vancouver Island Construction Association. Municipal statistics from Victoria and Saanich, however, provide a more nuanced picture of the overall decline.

In Victoria, the raw number of building permits issued has actually increased every year since 2007.

So far this year, the number of permits issued reached 3,805 in the city, up from 3,383 five year ago. The value of building permits, however, has dropped $25 million since last year, and nearly $200 million since the pre-recession era of 2007.

A look at the types of permits approved helps to explain the opposing trend lines.

On the one hand, commercial and multi-family building has shrunk, while at the same time, interior home renovations are booming.

Year to date, interior building permits issued jumped from 165 last year to 246 this year, with a corresponding jump in value from $9 million to $20 million.

Home renovator Steve Burgess attributes the trend to the world economy.

“I think the big one for a lot of people is job security … People are not doing the big additions, but yeah, they’ll go ahead with the kitchen or bathroom reno – the small stuff.”

Burgess’ own business, Toolbox Renovations, has increased lately and he speculates its due partly to improvements to his website and partly due to wider economic trends.

In Saanich, the data tells a different story.

True comparison between the two municipalities is difficult due to different permit-reporting procedures, but one clear trend emerges.

While residential building permits are on the decline in Victoria, the opposite is true for Saanich,

In fact, the number of residential building permits issued in 2011 far surpasses any year since 2007. To date, 295 units have been approved in Saanich this year, mostly for apartment-style housing.

 

At a glance:

Residential building permits, including single and multi-unit housing:

Victoria:

2011: 219 (excludes Dec.)

2010: 406

2009: 450

2008: 172

2007: 874

Saanich:

2011: 295 (excludes Dec.)

2010: 212

2009: 125

2008: 275

2007: 422

 

 

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Patrick brothers who shaped modern hockey also tried, but failed, to remove violence

New history thesis shows efforts to sell a “clean game” in Oak Bay

Victoria man to run marathon after overcoming rare cancer diagnosis

Nigel Deacon was diagnosed with ocular melanoma in 2010

Burger sales bring in $5,000 to build Imagination Libraries in Greater Victoria

United Way of Greater Victoria and Big Wheel Burger team up to get kids reading

Donated sculpture in Sidney’s Beacon Park a testament to perseverance

Victoria artist Armando Barbon picked up sculpting 22 years ago

Sidney builds community resilience through neighbourhood gatherings

Meet Your Street needs residents to create gatherings, safe interactions

QUIZ: A celebration of apples

September is the start of the apple harvest

POLL: Do you plan on allowing your children to go trick or treating this year?

This popular annual social time will look quite different this year due to COVID-19

Preparations underway for pandemic election in Saskatchewan and maybe B.C.

Administrators in B.C. and around the country are also looking to expand voting by mail during the pandemic

Nearly 20 per cent of COVID-19 infections among health-care workers by late July

WHO acknowledged the possibility that COVID-19 might be spread in the air under certain conditions

Ferry riders say lower fares are what’s most needed to improve service

Provincial government announces findings of public engagement process

Is it time to start thinking about greener ways to package cannabis?

Packaging suppliers are still figuring eco-friendly and affordable packaging options that fit the mandates of Cannabis Regulations

Supreme Court Justice Ruth Bader Ginsburg dies at 87

The court’s second female justice, died Friday at her home in Washington

Comox Valley protesters send message over old-growth logging

Event in downtown Courtenay was part of wider event on Friday

Application deadline for fish harvester benefits program extended

Those financially impacted by the pandemic have until Oct. 5 to apply

Most Read