Construction value of Richmond building permits reaches $709 million in 2017

Georgia Straight

Under Mayor Malcolm Brodie, the City of Richmond is well on its way to completing a transition from being a bedroom suburb of Vancouver to a major urban centre.

Today in his annual mayoral address, Brodie said there has been more than $2.4-billion worth of new development in Richmond in the three years since the last election.

In 2017 the construction value of building permits reached $709 million, which is the third highest total in the city’s history.

“Sustainable growth within the highly dense city centre is based on transit-oriented development while our single family neighbourhoods, farmland, open space and natural environment are preserved,” Brodie told the Richmond Chamber of Commerce. “Our inventory of employment lands supports business growth and retention to ensure we maintain a vibrant economy.” …

Read Full Story