Building permits issued by the City of Vancouver in 2014 hit a value of $2.83 billion, exceeding pre-recession levels and marking an all-time record in Vancouver’s growing economy.
Building permit values of $2,825,700,469 in 2014 represent an increase of 28% from 2013, and a 77% increase over 2008.
“An all-time record for building permit values is an important example of how Vancouver’s economic action strategy is working,” said Mayor Gregor Robertson. “Low taxes, less red tape and innovative new incentive programs at City Hall are helping to attract new investment to our city and create thousands of highly-skilled new jobs. Whether it’s with new investments in our high-tech sector, a boom in new office space, or unprecedented new purpose-built rental housing, these numbers are further proof that Vancouver’s economy is continuing its exciting positive momentum.”
Examples of key developments that contributed to the 2014 increase include:
The following building permit values are annual figures for the last seven years:
Feature Image: Kensington Gardens / Westbank