StatsCan building permits report
By Stats Canada
By Stats Canada
Dec. 11, 2019 – The total value of building permits issued by Canadian municipalities decreased 1.5% to $8.3 billion in October. Declines were reported in five provinces, with the largest decrease in British Columbia (-21.2% to $1.3 billion). Quebec offset some of this decline, with the value of building permits in that province rising 12.3% to $1.7 billion.
Increase in the value of institutional permits
The value of institutional permits rose 24.9% to $765 million in October, largely due to gains in Manitoba (+$79 million) and Ontario (+$72 million).
The value of commercial permits decreased 5.3% to $2.0 billion. Gains were reported in eight provinces, led by Quebec (+$161 million), but this was not enough to offset a sizeable decline in British Columbia (-$317 million).
Industrial permits decreased 1.1% to $604 million.
Manitoba permits reach record high
Manitoba reported gains in all categories of permits in October, with the total value increasing 74.3% to a record high of $438 million. This increase was largely attributable to high value permits issued in Winnipeg. The mixed-use development True North Square drove gains in multi-family and commercial permits. Institutional permits reached their highest value since April 2003, largely due to an expansion at Red River College. Major upgrades to a water treatment plant in Brandon significantly contributed to the value of industrial permits, which more than doubled compared with September.