Total Value of Building Permits Fell 17.5% in September

November 9, 2022

The total value of building permits in Canada fell 17.5% in September to $10.2 billion, the largest recorded monthly decline. This was the first time all survey components posted monthly decreases since September 2019. Both the residential (-15.6% to $7.0 billion) and the non-residential (-21.5% to $3.2 billion) sector posted declines.

On a constant dollar basis (2012=100), the total value of building permits dropped 17.8% to $6.0 billion.

Multi-family component drags down residential sector

The value of residential permits decreased 15.6% to $7.0 billion nationally in September, with a similar decline in the number of units (-16.0%) being built.

The value of building permits in the multi-family component tumbled 21.2%. This drop was largely due to Ontario, which fell 39.6% following a record high in August. While August saw the submission of four permits valued at over $100 million in Ontario, including one for $480 million, there were no permits in September to break the $100 million mark.

Construction intentions in the single-family homes component declined 7.7%. Seven provinces posted decreases, with notable declines in Ontario (-7.0%), Manitoba (-35.1%), and Alberta (-15.9%).

Non-residential sector down across all components

The total permit value of the non-residential sector decreased 21.5% to $3.2 billion in September.

The institutional component, after three consecutive monthly increases, dropped 37.2% in the month.

Construction intentions in the commercial component fell 11.5%, with decreases posted in nine provinces. The two provinces to post gains were British Columbia (+37.9%), after three consecutive monthly declines, and Quebec (+22.3%), after posting the lowest value of the year in August.

The value of building permits in the industrial component declined 23.4%, reaching the lowest point since late 2021 and has been on a downward trend since then.

Third quarter construction intentions slow down

The total value of building permits in the third quarter of 2022 decreased 6.3% to $33.7 billion after three consecutive quarterly increases.

The residential sector declined 5.6% in the quarter, with decreases posted in all provinces, returning the sector to historic levels following a strong second quarter. Single-family permits declined 9.0%, while multi-family permits were down 2.6%.

Overall, the number of new units slated for construction in the residential sector declined 7.4%. Much of the decrease stemmed from the multi-unit component (-7.8%) as it reached its lowest point since the third quarter of 2020. Single-family intentions saw a 6.2% decline.

The non-residential sector saw a 7.9% decrease to $10.8 billion, with declines in all components.

The industrial component (-19.3%) was the biggest drag on the sector, after reaching a new record high in the first quarter of 2022. The commercial component decreased 1.8% after six consecutive quarterly increases. The institutional component (-10.1%) continued to cool off after nearly hitting the $4 billion mark in the first quarter of 2022.

Go HERE for more information

Related Articles


Latest Articles


Changing Scene

  • Federal Government Invests $1.2B to Build 84,500 EV Chargers by 2027

    Federal Government Invests $1.2B to Build 84,500 EV Chargers by 2027

    From mining, to manufacturing, to charging, Canadian businesses and workers are attracting historic investments in the electric vehicle (EV) supply chain. When electric vehicles are made from Canadian minerals, assembled by Canadian auto workers, and powered at Canadian-made chargers, we secure and create jobs, grow our economy, and keep our air clean now and into the future. Read More…

  • Applications Open for Nova Scotia Power’s 2023 Scholarship and Bursary Program 

    Applications Open for Nova Scotia Power’s 2023 Scholarship and Bursary Program 

    Applications are now open for Nova Scotia Power’s 2023 Scholarship and Bursary Program, and Nova Scotian students are encouraged to apply. The program is accepting applications until April 19, 2023. As part of its Diversity, Equity and Inclusion strategy, Nova Scotia Power is focused on supporting programs and initiatives that help remove barriers, advance DE&I education and awareness in Nova Scotian communities. Read More…

  • BCUC Approves Deferral Account for FortisBC’s Electric Vehicle Workplace and Fleet Charging Funding Program

    BCUC Approves Deferral Account for FortisBC’s Electric Vehicle Workplace and Fleet Charging Funding Program

    Recently, the British Columbia Utilities Commission (BCUC) approved FortisBC Inc.’s (FBC) application for a new deferral account to enable funding to organizations for the purchase and installation of Electric Vehicle (EV) charging infrastructure. Through FBC’s EV Workplace and Fleet Charging Funding Program, eligible organizations can request a one-time FBC funded contribution of $1,920 per Level 2 EV Charger, capped at seven chargers per site. Read More…

  • Parliamentary Secretary Julie Dabrusin Announces New EV Chargers in B.C. and New Single Window for ZEV Infrastructure Applications

    Parliamentary Secretary Julie Dabrusin Announces New EV Chargers in B.C. and New Single Window for ZEV Infrastructure Applications

    Reducing pollution from the transportation sector is critical to Canada achieving its climate targets. That’s why the Government of Canada is making it more affordable for Canadians to purchase, charge and drive electric vehicles (EV) across the country. Recently, Julie Dabrusin, Parliamentary Secretary to the Minister of Natural Resources and to the Minister of Environment and Climate Change, on behalf of the Honourable Jonathan Wilkinson, Minister of Natural Resources, launched a new, integrated, federal zero-emission vehicles (ZEV) infrastructure landing page. Read More…