Thursday, April 9, 2020
January 9, 2020

Statistics Canada – Building permits decreased 2.4% to $8.1 billion in November

 

Statistics Canada reports that total value of building permits issued by Canadian municipalities decreased 2.4% to $8.1 billion in November. Declines were reported in six provinces, with the largest decrease in Ontario (-5.7% to $3.2 billion). Quebec (+10.3% to $1.9 billion) offset some of this decline.

For more information on housing, please visit the Housing Statistics Portal.

Residential permits down

Not including Prince Edward Island, permits for multi-family dwellings were down in all provinces, decreasing 11.3% to $2.5 billion.

The total value of permits for single family dwellings offset some of this decline, rising 5.6% to $2.3 billion, led by Ontario (+$78 million) and British Columbia (+$41 million).

Increase in industrial and institutional permits

Non-residential permits were largely unchanged in November (-0.1%), however there was notable movement within the components.

The value of industrial permits rose 24.5% to $753 million. The majority of this gain was attributable to a high value permit for an organic waste management facility in Québec City.

Meanwhile, the value of institutional permits rose 14.5% to $894 million, largely due to gains in the province of Quebec (+$209 million) resulting from building intentions for healthcare and educational facilities.

A decline in commercial permits (-13.5% to $1.7 billion) offset the gains noted above.

Nunavut permits increase

The total value of permits issued in Nunavut jumped from $500,000 in October to $16 million in November. The increase was largely due to a mixed-use residential and commercial project in Iqaluit. This was the largest increase in the value of residential permits in Nunavut since December 2018.

See more charts on the Statistics Canada website

 

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