HPAC Magazine

Total Value of Building Permits Rises in May

By Logan Caswell   

Construction HPAC General Human Resources British Columbia Canada Statistics Canada

Construction intentions in the institutional component rose 4.3% in May. Gains were led by British Columbia (+54.9%).

Statistics Canada has revealed the total value of building permits increased 2.3% to $12.1 billion for the month of May, 2022.

Construction intentions in the multi-family component decreased 5.9% in May. However British Columbia saw a 10.1% increase in part due to a $112 million permit for a condo building in Surrey.

Single-family homes have continued their comeback since the COVID-19 pandemic downturn and longer-term decline, increasing 7.0% in total value across the country during May.

British Columbia pushes up non-residential sector 

Commercial permit values increased by 15.6% in May, driven by British Columbia with an overall increase of 73.8% for the month.

Construction intentions in the institutional component rose 4.3% in May. Gains again were led by British Columbia (+54.9%), reflecting an $82 million permit for a hospital in Fort St. James.

New Brunswick also saw notable gains due to permits for a police station and a school in Moncton. Conversely, gains were largely countered by decreases in Quebec (-20.2%) and Ontario (-8.1%).

statcan.gc.ca

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