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Commercial permits in Ontario up 18 percent in October: StatsCan

The total value of building permits in Canada declined 1.4% in October to $10.0 billion. Losses in the residential sector more than offset gains from the non-residential sector.

On a constant dollar basis (2012=100), the total value of building permits decreased 0.9% to $6.0 billion.

Ontario pushes up non-residential sector

The total permit value of the non-residential sector increased 9.5% to $3.5 billion in October.

Construction intentions in the commercial component sharply increased by 18.0% in October. Ontario posted the largest gain, with multiple projects valuing over $20 million, while in September, one permit was reported above this level.

The value of building permits in the industrial component sharply increased by 16.2%, largely due to Ontario, which reported a $114 million permit for a water/sewer project in Erin. New Brunswick also posted notable gains, with three projects valuing over $5 million each.

The institutional component continued to slow as it dropped 17.1% in October, following a 38.2% decrease the previous month, reaching its lowest value since May 2020.