Commercial real estate construction in Metro Vancouver rose 2.3 per cent in the first quarter (compared with the previous quarter) to $586 million. The result was record-breaking spending in non-residential building permits, according to Statistics Canada.
Metro Vancouver saw a 4 per cent rise in total non-residential building construction investment in the first quarter of 2013 to $885 million seasonally adjusted from $851.1 million in the fourth quarter of 2012. Institutional government permits rose 9.5 per cent to $237.5 million, while industrial -building construction was unchanged from the fourth quarter of 2012 at $61.1 million, StatsCan reports.
from Western Investor June 2013
