Commercial building permits fall back in April
June 6, 2023 By Statistics Canada
The total monthly value of building permits in Canada dropped 18.8% to $9.6 billion in April, the lowest level since December 2020.
On a constant dollar basis (2012=100), the total value of building permits fell 18.5% to $5.6 billion in April 2023.
Non-residential permits down following the strongest month on record
Following a record high in March, the total monthly value of non-residential permits fell 34.6% to $3.4 billion in April. The drop was observed across all components but was most pronounced in commercial (-40.2% or – $1.1 billion) and industrial (-49.6% or -$663.8 million) construction intentions.
On a seasonally unadjusted basis, the average commercial permit was valued at $433,000 in April compared with $901,000 in March. Similarly, the average industrial permit was valued at $413,000 in April compared with $1.7 million in March. The significantly lower average permit values show that the monthly declines in April are attributed to exceptionally high volumes of large-scale projects in March.
To explore data using an interactive user interface, visit the Building permits: Interactive Dashboard.
For more information on construction, please visit the Construction statistics portal.
For more information on housing, please visit the Housing statistics portal.
Statistics Canada has a Housing Market Indicators dashboard. This web application provides access to key housing market indicators for Canada, by province and by census metropolitan area. The indicators are updated automatically with new information from monthly releases, giving users access to the latest data.
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