Building permits in Victoria have more than doubled in value since the same time last year. File photo

Building permit value more than doubles in Victoria since last year

City staff reported in a quarterly update that building permits are valued at over $250 million

It’s easy to tell from the number of cranes and pylons scattered across Victoria that construction is booming. In fact, reports show the value of construction projects in the city continues to rise.

At the end of July, construction permits for residential, commercial, industrial and government projects were valued at $254 million, compared to July 2017 where the value sat at $165 million.

Jonathan Tinney, the City of Victoria’s director of sustainable development and community planning, said this major jump is mostly due to a few larger projects finally attaining their permits after years of rezoning applications and development approvals.

“Essentially it’s a decrease in the number of applications, but an increase in value,” he said. “We’re seeing a couple big projects coming online, things like the new Hudson development and the Customs House coming through.”

READ MORE: Unions regain control of public construction

He explained that when an application is put in, the project’s start date won’t be for a couple years. Even after a building permit is issued, it usually takes another month before shovels hit the ground, he said.

While the application numbers are down, the housing unit counts are up thanks to larger projects creating many residential units, Tinney said. This was a key factor in data released by the Canada Mortgage and Housing Corporation on Tuesday, which reported high construction numbers.

“As of the end of June this year, the City has a total of approximately 2,200 housing units under construction,” Tinney noted.

“Of those, just over a third are rental, affordable or seniors housing units that meet key policy priorities for the City.”

READ MORE: Affordable housing needs mandated policy

When asked how these additions might play into a slowing real estate market, Tinney said the City’s role is simply to approve developments based on purpose and location, and that it’s up to developers to decide when is the right time to bring a proposal forward.

In the meantime, while sales may have slowed, the construction market is still hot.

“We certainly feel it here in terms of staff and ability to keep things going,” Tinney said. “We’ve been successful in keeping things moving, but if residents feel like it’s getting busy out there, it’s because it is.”

nicole.crescenzi@vicnews.com

City of Victoria

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

Just Posted

Unemployment surpasses historic high in Greater Victoria, tourism hit hard

Hospitality and tourism sectors hurting as pandemic continues

Victoria tattoo shops respond to sex assault allegations against male artists

Carne Tattoo and Painted Lotus Studios respond to allegations

‘I love my animals very dearly,’ says man at centre of Saanich park allegations

Man accused of assault after being approached for allegedly mistreating his dog

Mayor not in favour of low barrier housing at Oak Bay Lodge

Process is already in place to determine future of Oak Bay Lodge

Victoria seeks court order to enforce sheltering rules in Beacon Hill Park

People being asked to move out of environmentally sensitive areas of park

VIDEO: Langford cat missing 18 months reunited with family

Blue the cat found at Victoria museum 17 kilometres from home

Greater Victoria Crime Stoppers wanted list for the week of July 7

Greater Victoria Crime Stoppers is seeking the public’s help in locating the… Continue reading

POLL: Would you get a vaccine for COVID-19 when it is available?

With the number of positive COVID-19 tests skyrocketing across much of the… Continue reading

VIDEO: Alberta man rescues baby eagle believed to be drowning in East Kootenay lake

Brett Bacon was boating on a lake in Windermere when he spotted the baby eagle struggling in the water

Vancouver Island business ad unintentionally features OK gesture linked to white supremacy

Innocuous ‘OK’ gesture in cleaning franchise advertisement gets flak on social media for ‘supposedly’ promoting white supremacy

Comox Valley RCMP looking for missing woman

Ami Guthrie was last seen in Courtenay in early July

Conservationists raise concerns over state of care for grizzly cubs transferred to B.C. zoo

‘Let them be assessed now before their fate is sealed,’ urges B.C. conservationist Barb Murray

B.C.’s COVID-19 job recovery led by tourism, finance minister says

Okanagan a bright spot for in-province visitor economy

National Kitten Day aka the ‘purrfect’ day to foster a new friend

July 10 marks National Kitten Day, a special day to celebrate all things kittens

Most Read