Building permits were issued in Vancouver for property valued at $1.12 billion in the first half of this year.
That’s the best half-year figure since before the recession hit in 2008 and the full-year is set to break the $2.6 billion record of 2012. Half year totals have been above a billion dollars for the last three years and this latest number sees a 6.4 per cent increase on last year.
There is a lot of construction in Vancouver and some expensive property pushing the permit values higher, including the Pacific One tower, valued at $87 million.
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