Whitehorse Daily Star

Building market remains red-hot

The building market in the territory continues to sizzle.

By Whitehorse Star on May 16, 2022

The building market in the territory continues to sizzle.

According to figures provided by the Yukon Bureau of Statistics, in March, the preliminary seasonally adjusted value of building permits ($7.9 million) rose by $2.9 million, or 57.1 per cent, compared to March 2021 ($5.0 million).

In Canada, the total value of permits increased 5.2 per cent during the same time period.

On a year-to-date basis (January through March), the preliminary total value of building permits issued in the Yukon in 2022 was $21.6 million.

This represents an increase of $10.4 million, or 93.0 per cent, compared to the same  time period in 2021 ($11.2 million).

Residential permits were up $2.4 million, or 27.9 per cent, and non-residential  permits rose $8.0 million, or 314.5 per cent. 

Comments (21)

Up 4 Down 1

Anie on May 20, 2022 at 1:14 pm

Salt, Why say that I'm inhabiting what you call somebody's fantasy world? Insults leave no room for adult discussion, and they can be seen as the last desperate volley of the uninformed. I'm sure that isn't you.

Up 4 Down 4

Dallas on May 20, 2022 at 5:14 am

Ah woodcutter you don’t have a clue and perhaps before bragging about a immigrant knowing more about the history of the eighties than I do let me help you,the interest rate was in the high teens to the 20-21 percent rate under the liberal government of pet and it had been there for a while, so while you may think I’m dumb and don’t know my history you are every reason why our immigration policy doesn’t work, engage your grain before your mouth. PS your moniker of woodcutter indicates almost a lack of paying taxes and therefore part of the problem, cheers and educate yourself.

Up 2 Down 2

AdmiralA$$ on May 20, 2022 at 4:37 am

Funny lefty had to google who the prime minister was in the 80s. What a joke, to pretend to know so much and understand so little. We call that ignorance here in Canada. Good job Dallas, you had one Guess at how to read and one pretend to search who Canada's prime minister was in the 80s. You lefties have soiled the very name of Libertarians. If you had to search the answer, the question was already well out of your knowledge base.

Up 1 Down 2

Salt on May 19, 2022 at 7:25 pm

Anie, I never said you are a fan of Trudeau's. You just choose to inhabit his fantasy world on this subject. Enjoy your stay while it lasts.

Up 6 Down 1

AdmiralA$$ on May 19, 2022 at 5:18 pm

Yes true and from 1968 to 1979 and 1980 to 1984, was Pierre Trudeau. As we left Bretton Woods and inflation spiked because of these silly policies. Finally in 1979 Volker stepped in and forced BoC and federal reserve (because BoC closely matches US) to push rates up and get the inflation under control. The inflation was created by bad fiscal policy and was not fixed without harsh monetary policy from the National Banks. All the politicians created the policies the economist rained it back in. Didn't matter who was in charge they were idiots, they were in 80s, 88s and still are today. Today we won't have Paul Volker to fix the bad policies, the BoC has become far to political and well out of their mandate.

Reichwingers, that was good. Thanks for the chuckle.

Up 5 Down 9

woodcutter on May 19, 2022 at 4:10 pm

A quick look on the interweb and Dallas would not have to rely on his spotty information on who was in power during the eighties. 1980 -94 was Pierre Elliot and from 1984 to 1993 it was the conservative trio of Turner, Mulroney and Campbell.

I know the Reichwingers are in the mood to say up is down, however I find it is necessary to try to set the record straight of who actually held the reigns of power during the mid to late eighties. If you recall the election of 1993 pretty much wiped out the Progressive Conservative Party.

It must hurt some folks, that a first generation immigrant knows more about Canada's political history, than most old stock Canadians.

Up 8 Down 2

Anie on May 19, 2022 at 3:39 pm

Salt - interesting interpretation. The court ruled they could conduct peaceful protest. The court did not say that what had happen prior to Feb 7 was in any way peaceful. That will be determined, I think, as various court cases proceed. And my info, from people who live there, is that the all night honking continued. Why you want to arbitrarily associate my interpretations with the PM's escapes me. I am not a fan of his but choose to not let that blind me.

Up 6 Down 9

Salt on May 19, 2022 at 8:16 am

Ontario Superior Court Justice Mr. McLean wrote on Feb. 7: “THIS COURT ORDERS that, provided the terms of this Order are complied with, the Defendants and other persons remain at liberty to engage in a peaceful, lawful and safe protest.”

The order was to limit honking overnight, which was complied with. I think it is fair to say a Supreme Court Justice has some authority on this matter.

Neither you, nor the clown prince justin get to personally and arbitrarily decide what is legal/illegal or what is true/false for that matter.

Up 15 Down 11

Anie on May 18, 2022 at 3:08 pm

Salt, I have family that live in what is now referred to as the "parliamentary precinct'. This is the very large area that was invaded, and most people camping out and partying were not actually truckers. Their protest was not legal, we have no legal right in Canada to park ourselves in someone else's neighbourhood for three weeks and make their lives miserable. As to the name calling you cite in your post, that has nothing to do with what I said. I called them boorish louts, and stand by that. I could hear them when I called family during that difficult time. My elderly relatives were assaulted with horns blasting most of the night, four letter insults, caregivers unable to park on their street and having to walk several blocks if they came at all, and people actually peeing on their front yard. Boorish louts.

Up 15 Down 13

Salt on May 18, 2022 at 8:56 am

"boorish louts who invaded a quiet neighbourhood in Ottawa; he was not talking about truckers."
Boorish louts = truckers and many others with the courage/resolve to act in defense of their rights
invaded = legal protest of Canadians, as declared by courts, in Canada's capital
quiet neighbourhood = Wellington St within 2 blocks of parliament and minor portions of downtown
not talking about truckers = Mendicino baseless accusation of the Freedom Convey being rapists, extremists. Liberal MP Taleeb Noormohamed comparing convoy donations to “terrorist financing”. Multiple Liberal/NDP MP's slander the protesters as arsonists. Trudeau called the convoy Nazis, Confederates, racist, sexist, homophobic and even transphobic — every knee-jerk attack adjective the left reflexively aims at anyone who disagrees with them, and all without any basis in fact.

Up 25 Down 3

Anie on May 17, 2022 at 3:55 pm

It's so easy to say "build more apartments". Why would anyone in their right mind want to invest in rental in the Yukon? And why criticize someone for investing in Dollar Store instead of something more high end? Investors want to make money, not social statements. That isn't evil, it's common sense.

Up 15 Down 11

Anie on May 17, 2022 at 3:51 pm

'Truck drivers are leaving because of what Trudeau said about them". What nonsense, with not a bit of fact to back it up. Freight to the North has always been exorbitant, nothing new there. Current inflation certainly makes it worse. Trudeau has been busy talking about planting trees while everything goes up in price, but truckers carried on carrying freight. They didn't leave the business, they just waited out the blockades. According to the largest trucking business in USA, no truckers lost their jobs, they just shuffled national and international drivers around, because USA had the same vaccination rules at their border And although I hate to come to the defence of TrudeauButts, his comments were directed at the boorish louts who invaded a quiet neighbourhood in Ottawa; he was not talking about truckers.

Up 15 Down 1

Jake on May 17, 2022 at 3:34 pm

I learned years ago;
Almost any major item I have shipped up (and there has been a great many in 45 years) has arrived with a bill higher than the quote (sometimes almost double.) The reason quoted is always fuel surcharges, weight restrictions, or even just inflation.
Overhead is high; rent, heat and electricity, staff, taxes......that is true. Who can afford to warehouse a large inventory, we get it. But freight companies here have taken advantage for years (I used to work for one).
And who here hasn't had a Fedex or Purolator package sent back because you didn't know it had arrived?
Who hasn't been quoted double or triple the price available down south (before freight) for special orders. Who hasn't been forced to go to Amazon because of the availability, their no-questions-asked delivery and realistic price? And it arrives in days, not months.
So if there is blame it is found nearly everywhere. That's why I patronize the companies that make an effort and I think a little premium is justified.
Others are used to supplying Government and have ignored walk-ins for years.

Up 13 Down 10

AdmiralA$$ on May 17, 2022 at 1:09 pm

uuhhh hey moose, that word is "eighties". You know 1980s, just an FYI, bank rate was over 17% in 1981 to fight inflation off. Also Pierre Trudeau was prime minister, and leader of the liberal party. Hope you got your debts in order. Check before you try to insult people.

This is why 85% of Canada still has no clue what is coming. To busy arguing over who's the better politician, guess we all forgot the bank of Canada is supposed to be economists not politicians.

Up 8 Down 17

Wilf Carter on May 17, 2022 at 10:32 am

Shipping rates have gone wait up. We purchased a patio table on line because we couldn't get one in Whitehorse and the cost of shipping was more than the item so we refused the order and than the rate dropped from $180 to $130. Be careful on shipping rates out there because there is gouging done by shipping companies. Freight companies don't want to come to remote areas because of the cost of fuel and roads are not being maintained. Truck drivers are leaving after what Trudeau said about them and how they were treated.

Up 9 Down 3

Hobo on May 16, 2022 at 8:44 pm

New math: "($7.9 million) rose by $2.9 million, or 57.1 per cent, ". Learn something new everyday

Up 10 Down 12

Moose101 on May 16, 2022 at 8:43 pm

Conservatives were in power in 2008 check before you post false information.

Up 20 Down 5

Yukoner32 on May 16, 2022 at 8:43 pm

@Snowball Are you saying that the government should start building more apartments to rent? If that is what you are saying, be careful what you wish for. I think it would be much better to let the private sector build them. Government should not get into the business of being a landlord more than it already is, especially if it has to operate at a loss.

Up 60 Down 16

Dallas on May 16, 2022 at 4:11 pm

Wait till interest rates really start to climb and it will be the eighties all over again, people walking in the bank and dropping the house keys off, people losing everything and guess who the clowns were in power in those days…ya the dufus who is in power today his daddy was the man in charge then, history repeats itself and the strong survive and the weak continue to vote liberal/NDP.

Up 24 Down 3

Snowball on May 16, 2022 at 3:46 pm

If it's red hot now build some apartments for renters. The one's that need the places to rent.

Up 13 Down 21

Mitch Holder on May 16, 2022 at 3:24 pm

And yet, the private sector fills these primo retail spaces with the likes of Warehouse One and Dollarama. Guess they aren't that valuable, guess I'll keep sending my disposable income out of territory in order to meet my needs. GET THE SHIPPING RATES DOWN! HARD ENOUGH TO LIVE UP HERE AS IT IS.

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