Value of Building Permits Decrease for July
All provinces except British Columbia and Newfoundland and Labrador posted lower numbers.
Statistics Canada has announced the total value of building permits in Canada decreased 3.9% to $9.9 billion in July.
All provinces except British Columbia and Newfoundland and Labrador posted lower numbers, with the majority of the national decline reported in Alberta (-23.4%).
Ontario weighs down residential permits across the country
Seven provinces reported declines in the residential sector, led by Ontario (-10.5%).
Single-family permits also fell 9.6% in July, with only two provinces showing growth. Ontario (-9.1%) contributed the most to the decrease.
Construction intentions for multi-family units rose 2.7% in July. British Columbia posted an increase of 55.1%, which was driven by high-valued condo projects in the city of Surrey. In contrast, Ontario reversed strong growth in June (+67.6%) and fell 11.7% in July due to fewer high-valued condo permits reported for the census metropolitan areas.
Non-residential permits down in July
Non-residential permit values declined 5.6% to $2.9 billion in July, despite Ontario’s strong growth of 17.3%. Seven provinces were down, with Alberta reporting the largest decrease (-46.9%).
Institutional permits decreased for a third consecutive month to $718 million, with eight provinces reporting lower values. The majority of the decline stemmed from Quebec (-36.8%), following a strong June (+40.0%) when multiple high-valued permits were issued for alternative care and senior homes.
Alberta’s commercial permits fell 45.5% in July, following a notable increase in June (+56.6%). The decline in Alberta and in six other provinces pulled the value of commercial permits at the national level down 6.9% to $1.6 billion.
The value of industrial permits was up 17.6% to $612 million, with half the provinces reporting growth. Quebec (+59.5%) led the increase, with a $30 million warehouse permit.
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June 20, 2021