Building values increased almost 70 per cent in the first two months of the year, solely from new residential activity.
City hall issued permits for $3.8 million to the end of February compared $2.26 million in 2018.
Ten new homes worth $3.56 million have been permitted compared with four worth $1.25 million last year in that time period.
During February, four new single-family houses worth $1.45 million received permits Last year three homes worth just over $1 million were granted building permits.
Main permits in February were $50,000 to improve an office building at 495 High Street West, $15,000 for the Emco contract manufacturing plant at 2012 Stadacona Street West and $40,000 to convert a single-family dwelling on Ninth Avenue Northwest into a multiple family unit.
Meanwhile, price of housing sold on the Multiple Listing Service edged down 3.9 percent to average $219,863.
Thirty-one houses were sold in February, one less than in 2018.
Ron Walter can be reached at [email protected].
