News — Average construction start value down 70% from peak

Average construction start value down 70% from peak Vancouver Island has highest average construction start value, Metro has highest total B.C.'s average construction start value for projects over $50 million fell 30.7% to $197 million in 2018 from $284.9 million in 2014, according to data on Business in Vancouver’s list of the biggest B.C. construction starts in 2018 (page 15). However, the five-year analysis understates the volatility of the province’s high-value construction starts. In 2015, average construction start values spiked to $668 million, more than doubling the average value in 2014. The province has been unable to match the 2015...