B.C. leads Canada among provinces in value of building permits, new units in April 2024

Building permits issued B.C. in April 2024 totalled 3.13 billion – up $1.4 billion from March – and created a record-high 7,521 residential units — up almost 78 per cent compared to the previous month. Based on these figures, B.C. accounted for almost 28 per cent of all new residential units in the country in April.

Much of the growth happened on the multi-residential side. Of the new residential units created in April 2024, 95 per cent were multi-residential units.