Building permits value significantly down in December: Stats Canada

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Ontario construction News staff writer

The monthly total seasonally adjusted value of building permits in Canada decreased 7.3% in December to $10.3 billion, according to a Statistics Canada report. Declines were posted in both the residential and the non-residential sectors.

The residential sector fell more than eight per cent to $6.5 billion with construction intentions in the single-family homes down 3.9 per cent, and  multi-family construction values down about 12 per cent.

In Quebec, a 40- per cent drop was reported in the multi-family sector, while there were gains in New Brunswick – four. per cent, and Saskatchewan – 36.9 per cent.

However, in Ontario the value of non-residential permits fell more than five per cent to $3.8 billion in December.

Overall, construction intentions in the industrial sector decreased 23.4 per cent, commercial permits increased 2.2 per cent and institutional permits increased about one per cent growth month over month.

Residential permits decreased for the second consecutive quarter and intentions fell 13 per cent to $19.8 billion.

Here’s what happened in each sector:

  • Non-residential – up three per cent to $11.2 billion
  • Industrial – up 29.5 per cent gain to $2.8 billion
  • Commercial – no change
  • Institutional – down more than 12 per cent.

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