PEI

P.E.I. building sector off to strong start in 2017

The value of building permits issued so far in 2017 is way up over last year, according to a report released last week by Statistics Canada.

Non-residential permits have particularly strong showing

Residential building permits were up 19.6%. (Reuters)

The value of building permits issued so far in 2017 is way up over last year, according to a report released last week by Statistics Canada.

The report shows a seasonally adjusted value for building permits issued in January and February of $34.8 million, a 49 per cent increase over the first two months of 2016. Non-residential permits showed the biggest growth, up 280 per cent to $10.1 million.

Residential permits were up 19.6 per cent to $24.7 million.

Value of building permits in January and February
2016 2017
Total $23.3M $34.8M
Residential $20.7M $24.7M
Non-residential $2.6M $10.1M