Value of Building Permits Increase for June
By Logan CaswellConstruction HPAC General Human Resources HVAC Systems Hydronics Management Hamilton Ontario Statistic Canada toronto
Total building permits declined slightly by 1.7 per cent to $31.0 billion in the second quarter of 2021.
Statistics Canada has announced the total value of building permits increased 6.9% to $10.3 billion in June following a rapid decrease in May. Seven provinces contributed to the gain.
Ontario residential permits bounce back
High-value permits for new apartment buildings in the census metropolitan areas (CMA) of Toronto and Hamilton helped push multi-family permits up 13.5% to $3.7 billion nationally in June.
Construction intentions for single-family homes increased 4.7% to $3.4 billion. Seven provinces saw gains in this component, led by Ontario and Alberta.
Overall, the value of residential building permits increased 9.1% to $7.2 billion, following two months of lower construction numbers.
Non-residential permits up slightly
Construction intentions for the non-residential sector were up slightly rising 2.2% to $3.1 billion in June.
The value of commercial permits rose 7.4% to $1.7 billion.
Industrial permits also increased 2.3% to $526 million.
The institutional sector was down in June, falling 6.7% to $871 million, as Ontario’s notable decrease (-37.7%) drew down the national level.
Residential permits pull down second-quarter
Total building permits declined slightly by 1.7% to $31.0 billion in the second quarter of 2021 compared with the previous period. Despite this, the value of building permits remained the second highest on record and was 38.5% above the same quarter in 2020, which is said to be heavily impacted by COVID-19 restrictions in the construction industry.
The value of permits for the residential sector fell 4.2% to $21.4 billion in the second quarter. Permits for both multi-family and single-family homes dropped, with seven provinces reporting decreases.
Construction intentions in the non-residential sector rose 4.5% to $9.6 billion. Although second-quarter values exceeded the values in the first quarter of 2020, non-residential permits remained below the quarterly levels of 2019. Among the non-residential components, institutional permits increased for a fourth consecutive quarter, boosted by large projects in the education and health care sectors.