2024 British Columbia housing permit numbers show a monthly average decrease from 4,500 to 4,000 units, with building permit values dropping from $1.4bn to $1.2bn.

British Columbia's housing permit numbers for 2024 have dropped, with a monthly average of new permitted units decreasing from 4,500 in 2023 to about 4,000. The average monthly value of building permits has also decreased, from $1.4bn in 2023 to $1.2bn in 2024. Brendon Ogmundson, chief economist at the British Columbia Real Estate Association, states that the trend is not encouraging.

May 15, 2024
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