Building permits

The number of residential and non-residential building permits issued by a local government can be an indicator of economic and business growth or decline of the community. Statistics Canada has just released its municipal building permit numbers for October.

Municipalities issued building permits worth $6.2 billion in October, down 6.5% from September, when permits were up 14.9%. The October value of permits remains comparable to levels prior to the economic downturn. A decline in both the residential and non-residential sectors in Ontario and Quebec led the October decrease. – Statistics Canada

Most importantly, this information includes some numbers for Kelowna. See Table 3 that is included in The Daily’s release.

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