Canadian Building Permits - February 2017
As per the most recent BC REA Economics Now Update, it appears that construction intentions are cooling off significantly in BC's biggest markets... but have no fear! We may see fewer new builds popping up this year, but the Kamloops real estate market is getting hotter and hotter by the day! The low inventory that we are seeing in Kamloops and the surrounding area means that new listings are selling very quickly and at extremely competitive prices.
Have a read below for the numbers behind the BC REA news release:
The total value of Canadian building permits decreased 6.6 % from November to December, the result of declining permit activity across all commercial and residential sectors. In BC, permit…