StatsCan building permits report: July 2017

StatsCan
September 07, 2017
By StatsCan
Sept. 7, 2017 - Canadian municipalities issued $7.9 billion worth of building permits in July, down 3.5% from June and the first decrease since March 2017. Lower construction intentions for commercial buildings and multi-family dwellings were mainly responsible for the national decline. Seven provinces posted decreases, with the largest decline in Ontario.
Provinces and census metropolitan areas: Ontario posts decline in multi-family dwellings, while British Columbia hits a record high
The total value of permits was down in seven provinces in July, led by lower construction intentions for multi-family dwellings and commercial buildings in Ontario.

The value of buildings permits fell 3.7% to $3.3 billion in Ontario, the first decline since April 2017. The decrease was mainly attributable to lower construction intentions in the residential sector, specifically multi-family dwellings, which fell 20.5% to $849.7 million in July. The decline in the value of multi-family dwelling permits followed three consecutive monthly increases. In contrast, the value of permits for single-family dwellings rose 7.9% to $1.1 billion in Ontario. Overall, the value of residential permits was up 4.2% compared with the same month in 2016.

The value of multi-family dwellings in British Columbia rose 14.2% from June to $771.8 million in July, the highest value on record. The increase was mainly attributable to higher construction intentions for apartments in the census metropolitan area (CMA) of Vancouver. Municipalities in this CMA issued $562.2 million in permits for multi-family dwellings, up 17.4% from June and the highest value on record.

The CMA of Toronto posted the largest decrease, as the total value of building permits fell 16.2% in July to $1.5 billion. The decline followed two consecutive monthly increases and was mainly attributable to lower construction intentions for multi-family dwellings.

Non-residential sector: Commercial component down after two consecutive monthly increases
The value of building permits issued for non-residential structures fell 5.7% in July to $2.9 billion, the first decrease since February 2017. The decline was largely attributable to lower construction intentions for commercial buildings.

The commercial component fell 14.7% in July to $1.5 billion, following two consecutive monthly increases (+15.6% in May and +13.7% in June). The decline was mainly attributable to lower construction intentions for office buildings. Every province except for Newfoundland and Labrador posted declines in the value of commercial building permits.

The value of building permits issued for industrial structures fell 4.0% to $558.0 million in July, following a 7.8% gain in June. The decline primarily stemmed from lower construction intentions for maintenance buildings and transportation terminals.

In contrast, the value of permits for institutional structures rose 11.9%, to $903.4 million, the second consecutive monthly increase and the highest value since October 2015. The gain was mainly due to higher construction intentions for hospitals.

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