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A building construction boom, one of Vancouver’s largest in history, is pushing the city skyline and benchmark for architectural creativity to new limits.
In 2014, the municipal government issued $2.83-billion in building permits, which exceeds pre-recession levels for an all-time record. This also represents an increase of 28 per cent from 2013’s $2.2-billion and 77 per cent from 2008’s $1.6-billion.
While the city is best known for its focus on residential development, much of the current construction boom is fuelled by an unprecedented office boom: about two million square feet of new office space is being built and most of the projects in this cycle will be completed in mid-2016.