StatsCan building permits report: April 2018
June 6, 2018 – Municipalities issued $7.8 billion worth of building permits in April, down 4.6% from March. Declines were reported in every component except commercial buildings.
Non-residential sector: Industrial buildings post the largest decrease
The value of non-residential building permits fell 5.2% to $2.8 billion in April, following a 1.7% increase in March. The value of non-residential building permits declined in four provinces, led by British Columbia and Ontario. Meanwhile, three of the four Atlantic provinces reported higher building permit values.
The value of industrial permits fell 22.6% in April to $510 million. The decline stemmed from lower construction intentions for agricultural buildings, utilities buildings and transportation terminals. Six provinces posted decreases, with Ontario accounting for approximately two-thirds of the decline.
In the institutional component, the value of building permits was down 4.9% to $556 million in April, a third consecutive monthly decline. Four provinces posted decreases, led by Ontario. In contrast, Quebec and Alberta recorded the largest increases.
The value of commercial building permits rose 1.7% in April to $1.7 billion, the third increase in four months. Quebec, Saskatchewan and Ontario led the seven provinces that reported gains.
Provinces: Largest decline in British Columbia
The value of permits in British Columbia decreased 22.6% in April to $1.2 billion. This drop followed a record high in March ($1.6 billion), which in part reflected several permits valued at over $100 million each. Lower construction intentions for multi-family dwellings and, to a lesser extent, commercial buildings contributed to the decline.
In contrast, Manitoba and Saskatchewan posted gains. In Manitoba, the value of building permits increased 10.4% to $266 million in April, stemming from higher construction intentions for multi-family dwellings. The value of building permits in Saskatchewan was up 15.3%, following a 22.2% gain in March. An increase in the value of commercial permits was the largest contributor to the rise.
Census metropolitan areas: Vancouver posts the largest decrease
In April, the total value of building permits was down in 14 of the 36 census metropolitan areas. Vancouver recorded the largest decline in value, followed by Oshawa and Toronto.
The value of building permits in Vancouver fell 27.3% in April to $756 million, following a 17.7% increase the previous month. The decline was the result of lower construction intentions for multi-family dwellings and commercial structures.
The value of building permits in Oshawa fell 73.6% to $41 million in April. The drop followed a rise in the number of permits issued for new single-family homes in March (220 permits issued). This is a common occurrence when builders apply for multiple permits for housing developments.
In Toronto, the value of permits declined 8.3% to $1.2 billion in April, the lowest level since February 2015. Lower construction intentions for institutional buildings and, to a lesser extent, industrial buildings were responsible for the drop.
In contrast, the value of permits in Montréal rose to $1.1 billion in April. This was the fourth increase in five months. Higher construction intentions in every component except multi-family dwellings contributed to the growth.