As high demand continues to fuel the Lower Mainland housing market, the number and value of building permits issued by the City of Abbotsford over the first quarter of 2016 rose considerably from the previous year.
The city issued 359 building permits over the first quarter, a 19 per cent increase from last year’s first quarter, according to the city’s planning and development report issued last week. The construction value jumped even more, by 31 per cent, to $52.8 million.
The increase in permit numbers came in large part by increases in single- and multi-family residential projects.
Building permits were issued for 28 multi-family projects, nearly double the 15 issued in last year’s first quarter. The projects are, on average, larger in scale than those being built last year, with the construction value rising by 125 per cent to $16 million. The report attributed the increase to several large projects, including the Gladys Avenue supportive housing project, and new townhouse projects.
Meanwhile, the number of single-family houses to be built rose substantially, with 178 such permits distributed – an increase from 132 over the same period last year. The report attributes the increase to new subdivisions in west Abbotsford and Sumas Mountain.
The number of agricultural and industrial building permits also rose. The number of commercial permits fell, although construction value of those commercial permits issued was up from last year.