July 15, 2021
Following four consecutive months of reaching new highs, the total value of building permits dropped a record $1.6 billion (-14.8%) to $9.5 billion in May. Every component was down, with multi-family dwellings in Ontario accounting for nearly three fifths of the overall national decline.
On a constant dollar basis (2012=100), building permits decreased 14.5% to $7.1 billion.
Multi-family permits in Ontario pull residential sector down
The value of permits for multi-family dwellings dropped 20.6% to $3.3 billion in May, the lowest value since August 2020. Ontario was responsible for the majority of the decline.
All provinces except for Newfoundland and Labrador posted a decrease in the value of permits issued for single-family dwellings, which fell 10.6% nationally to $3.2 billion. Quebec accounted for almost half of the national decline, with fewer permits issued in municipalities outside of the census metropolitan areas.
Overall, the value of permits issued in the residential sector pulled back 16.0% to $6.5 billion.
Non-residential permits drop due to Ontario and Quebec
Construction intentions for the non-residential sector were down 12.2% to $3.0 billion in May, with Ontario and Quebec falling 21.5% and 22.9% respectively.
Commercial permits tumbled 15.8% to $1.6 billion overall. Ontario dropped 33.9% as no permit in excess of $25 million was issued for the province in May, compared with six in the previous month, worth a total of $295 million.
The value of permits issued for industrial buildings fell 14.6% to $511 million. Seven provinces reported a decline in this component, with Quebec recording the largest decrease. Quebec saw an uptick in April, largely due to a $105 million permit issued for renovations to a mining facility in the municipality of Sept-Îles.
The value of institutional permits decreased 3.4% to $900 million. Gains in four provinces, led by British Columbia and Manitoba, were not enough to counter a $115 million decline observed in Quebec.
Source
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“As Chair, I am pleased that the Ontario Government recently appointed Vivi White to the Board,” said Annette Bergeron. “The Electrical Safety Authority’s efforts over the years have greatly improved the safety of the people of Ontario. It’s an important mandate and requires a strong, talented and diverse board as we transform into a modern regulator.”
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ETIM North America announced that OmniCable has joined the product classification standards organization. Headquartered in West Chester, PA, OmniCable has 24 locations throughout North America, and also owns Houston Wire & Cable (HWC). The company partners with many electrical manufacturers and only sells to distributors.
According to John Dean, Director of Marketing & E-Commerce, OmniCable/HWC, “The wire and cable industry is often called commodities, but there are very distinct features and attributes for the different products our manufacturers produce.
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Have you ever been called to fix the work of a 'handyman'?
"Was supposedly done by a"certified ' electrician....told the homeowner that he got a $266 permit....no record at TSBC. Can you count the deficiencies?"
"There is a second panel change in the triplex also.......even more deficiencies. Think the guy was a glorified handyman. Ones not obvious: 240 BB heat hooked up 120....drier on 2p20....range on 2p50....water heater fed with 2c14 Bx on 2p15."
Go HERE to join the discussion
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