Value of Building Permits Issued in July Declines 3.5%

StatsCan

 

September 13, 2017

Canadian municipalities issued $7.9 billion worth of building permits in July, down 3.5% from June and the first decrease since March 2017. Lower construction intentions for commercial buildings and multi-family dwellings were mainly responsible for the national decline.

The total value of permits was down in seven provinces, led by lower construction intentions for multi-family dwellings and commercial buildings in Ontario. 

The census metropolitan area (CMA) of Toronto posted the largest municipal decrease, as the total value of building permits fell 16.2% in July to $1.5 billion. The decline followed two consecutive monthly increases and was mainly attributable to lower construction intentions for multi-family dwellings. 

In the rest of Ontario the total value of buildings permits fell 3.7% to $3.3 billion, the first decline since April 2017. The decrease was mainly attributable to lower construction intentions in the residential sector, specifically multi-family dwellings, which fell 20.5% to $849.7 million. The decline in the value of multi-family dwelling permits followed three consecutive monthly increases. In contrast, the value of permits for single-family dwellings rose 7.9% to $1.1 billion in Ontario. Overall, the value of residential permits was up 4.2% compared with the same month in 2016.

The value of multi-family dwellings in British Columbia rose 14.2% from June to $771.8 million in July, the highest value on record. The increase was mainly attributable to higher construction intentions for apartments in the Vancouver CMA. Municipalities in this CMA issued $562.2 million in permits for multi-family dwellings, up 17.4% from June and the highest value on record. 

Residential sector: decline in multi-family component

Canadian municipalities issued $5.0 billion worth of residential building permits in July, down 2.2% from June and the first decline since April 2017. Lower construction intentions for multi-family dwellings more than offset a moderate gain in the single-family component. The residential sector was down in six provinces in July, with Ontario posting the largest drop. 

Construction intentions for multi-family dwellings fell 7.4% in July to $2.5 billion, the first decline since March 2017. The value of multi-family dwelling permits was down in eight provinces in July on lower construction intentions for row houses in Ontario, specifically the Toronto CMA. Conversely, single-family dwelling construction intentions rose 3.6% in July to $2.5 billion, largely attributable to gains in five provinces, led by Ontario. The increase followed an 11.7% drop in June.

In July, Canadian municipalities approved the construction of 13,830 multi-family units (down 4.2% from June) and 5,754 single units (up 4.6% from June).

Non-residential sector: commercial component down after two consecutive monthly increases

The value of building permits issued for non-residential structures fell 5.7% in July to $2.9 billion, the first decrease since February 2017. The decline was largely attributable to lower construction intentions for commercial buildings.

The commercial component fell 14.7% in July to $1.5 billion, following two consecutive monthly increases (+15.6% in May and +13.7% in June). The decline was mainly attributable to lower construction intentions for office buildings. Every province except for Newfoundland and Labrador posted declines in the value of commercial building permits. 

The value of building permits issued for industrial structures fell 4.0% to $558.0 million in July, following a 7.8% gain in June. The decline primarily stemmed from lower construction intentions for maintenance buildings and transportation terminals.

In contrast, the value of permits for institutional structures rose 11.9%, to $903.4 million, the second consecutive monthly increase and the highest value since October 2015. The gain was mainly due to higher construction intentions for hospitals.

Source: Statistics Canada, http://www.statcan.gc.ca/daily-quotidien/170907/dq170907a-eng.htm

Related Articles


Latest Articles

  • Investment in Single-Family Homes Continues to Rise for April

    Investment in Single-Family Homes Continues to Rise for April

    June 14, 2024 Month over month, investment in building construction increased 4.5% to $20.4 billion in March. The residential sector was up 5.4% to $14.3 billion, while investment in the non-residential sector increased 2.3% to $6.1 billion. On a constant dollar basis (2017=100), investment in building construction increased 4.1% to $12.5 billion in March. Investment in single-family homes continues to rise Investment in… Read More…

  • Record High Levels in British Columbia’s Multi-Unit Residential Construction Intentions for April

    Record High Levels in British Columbia’s Multi-Unit Residential Construction Intentions for April

    June 14, 2024 Month over month, the total value of building permits in Canada significantly increased 20.5% to $12.8 billion in April. Construction intentions in the residential sector increased 21.0% to $8.0 billion and the non-residential sector rose 19.6% to $4.8 billion, with growth observed in all components. British Columbia posted a record high monthly total value of building permits ($3.1 billion),… Read More…

  • ECAO’s Ontario’s Energy Future Sector Analysis Report

    ECAO’s Ontario’s Energy Future Sector Analysis Report

    June 14, 2024 Driven by economy-wide decarbonization efforts in response to the global climate crisis, Ontario’s electricity sector is rapidly evolving to enable the shift from fossil-based energy sources to clean energy sources. At the same time, with electrification of industry, transportation and more, it is abundantly clear that the demand for electricity supply is… Read More…

  • Planned Shift from Gas to Electric Heat Required to Avoid High Costs and Emissions: Report

    Planned Shift from Gas to Electric Heat Required to Avoid High Costs and Emissions: Report

    June 14, 2024 New research published today by the Canadian Climate Institute finds that a system-wide shift from gas to electric heat is the lowest-cost path through the clean energy transition. The report, Heat Exchange: How today’s policy choices will drive or delay Canada’s transition to clean, reliable heat, concludes that provincial government action will be  necessary to protect reliability and… Read More…


Changing Scene

  • ECAO Recognizes its 2024 R. Hugh Carroll Safety champions

    ECAO Recognizes its 2024 R. Hugh Carroll Safety champions

    June 17, 2024 The Electrical Contractors Association of Ontario’s R. Hugh Carroll Safety Awards demonstrate the ECAO’s commitment “to promoting and fostering a positive, safety-first culture amongst its membership, and the electrical industry”. This year’s honorees were recognized during the association’s 2024 annual general meeting at the Woodbine Trackside Clubhouse. “Every year it gets harder to pick… Read More…

  • Danielle Mayer – 2024 ECAM Award Recipient

    Danielle Mayer – 2024 ECAM Award Recipient

    June 14, 2024 Danielle Mayer’s journey to receiving the 2024 ECAM Award is one of dedication and determination. Danielle’s interest in the electrical trade sparked when she realized its potential as a hands-on career path, prompted by the suggestion from her friends that they needed an electrician among them. Beginning her exploration of the electrical… Read More…

  • CAF-FCA Unveils Trades Talent – An Innovative Speaker Connection Service at 2024 National Apprenticeship Conference

    CAF-FCA Unveils Trades Talent – An Innovative Speaker Connection Service at 2024 National Apprenticeship Conference

    June 14, 2024 The 2024 National Apprenticeship Conference saw an exciting announcement from the Canadian Apprenticeship Forum (CAF-FCA) with the launch of Trades Talent, an innovative online service designed to connect event planners with expert speakers in the skilled trades sector. This ground-breaking platform promises to be a game-changer for those seeking knowledgeable and engaging… Read More…

  • Atkore Announces Environmental Product Declarations for Steel and PVC Conduit Products

    Atkore Announces Environmental Product Declarations for Steel and PVC Conduit Products

    Atkore Inc. announced it has published Environmental Product Declarations (EPDs) for its Galvanized Steel, Stainless Steel, and PVC Conduit & Fittings portfolios. Verified by an independent third party, each EPD contains a product’s life cycle assessment that measures its environmental impact, such as greenhouse gas emissions, energy use, water consumption, waste generation, and other factors…. Read More…