Canadian Electrical Wholesaler

Feb 14, 2020

Value of Building Permits - DecemberThe total value of building permits issued by Canadian municipalities increased 7.4% to $8.7 billion in December. Increases were reported in five provinces, led by Ontario (+10.5% to $3.4 billion) and Quebec (+15.8% to $2.2 billion). For 2019 overall, municipalities issued $102.4 billion worth of permits, up 2.6% compared with 2018.

Value of residential permits up

The total value of permits for multi-family dwellings was up 15.9% to $2.9 billion in December, mostly due to large projects in the census metropolitan areas (CMAs) of Montreal and Vancouver.

Conversely, the total value of permits for single-family dwellings decreased 3.2% to $2.2 billion, with the largest decline in Ontario (-$76 million).

Increase in the value of commercial and institutional permits

The value of commercial permits rose 19.7% to $2.0 billion in December, largely due to plans for the multi-use commercial development, “Royalmount,” in the CMA of Montreal. 

Meanwhile, the value of institutional permits rose to its highest level since September 2017 (+10.8% to $1.0 billion), largely due to permits for the redevelopment of the Centre for Addiction and Mental Health in Toronto. 

The total value of industrial permits declined 21.0% to $583 million following strong gains in November.

Annual review 2019

In 2019, municipalities issued $102.4 billion worth of permits, up 2.6% compared with 2018. Gains were reported in six provinces, with the largest increase in Ontario (+$2.8 billion). Alberta recorded the largest decrease (-$1.8 billion), with declines in all building types.

The value of permits in the CMA of Toronto increased 1.9% to $19.2 billion, while several other Ontario CMAs also reported notable gains. The CMA of Kitchener–Cambridge–Waterloo posted the largest increase in the country (+53.5% to $2.2 billion), largely due to an increase in the value of permits for multi-family dwellings.

The Edmonton CMA reported the largest decrease in the total value of building permits (-21.5% to $3.9 billion), accounting for more than half of the overall decline in Alberta. This was the fifth consecutive annual decrease in the CMA of Edmonton, reflecting the challenging economic environment in the province. 

Building intentions in the non-residential sector increased 9.4% to $40.4 billion, with gains in seven provinces. All components reported increases, led by commercial permits (+7.5% to $23.2 billion).

Conversely, the value of permits in the residential sector declined 1.3% to $62.0 billion. The value of permits for single-family dwellings fell 4.9% to $26.5 billion, its lowest level since 2009. Permits for multi-family dwellings offset some of this decline, rising 1.5% to a record $35.5 billion.

Source: Statistics Canada, www150.statcan.gc.ca/n1/daily-quotidien/200210/dq200210a-eng.htm

 

 

David GordonBy David Gordon

We’ve gone from looking at the coronavirus from afar to being in the middle of the coronavirus storm. It’s obviously changed the business and outlook for the year. While tragic, and disruptive, the phrase “this to shall pass” should be kept in mind.

Some thoughts regarding doing business in the coronavirus era:

1. Take care of your people.  If they are concerned about family, they are less focused on business. 

 

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Wholesale Sales - JanuaryWholesale sales increased for a second consecutive month, up 1.8% to $65.2 billion in January. While all subsectors reported higher sales, gains were concentrated in the motor vehicle and motor vehicle parts and accessories and the miscellaneous subsectors.

In volume terms, sales grew 1.7%.

Motor vehicle and agricultural supplies industries drive higher sales in January 

Sales in the motor vehicle and motor vehicle parts subsector grew 3.0% to $11.3 billion in January. 

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Dawn WerryBy Dawn Werry


It’s no surprise that the coronavirus is impacting manufacturing, with production site shutdowns and travel and meeting restrictions. In fact, last month, IHS Markit estimated that manufacturing was the third most impacted industry, behind wholesale and services.

This has hit manufacturers in various ways. Some companies, even those whose primary products or components are manufactured in the hardest hit regions, have seen little or no impact on their ability to meet customer demand. 

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LedvanceLEDVANCE has announced the closure of their Eastern Distribution centre located in Bethlehem, Pennsylvania and move its operations to their Versailles, Kentucky facility. Matt McCarron, Vice President of US and Canada Salesreleased the following statement:

In order to better serve our customers, LEDVANCE continuously looks at maximizing our business processes. As part of that effort, we have recently reviewed our supply chain in order to find synergies that will better service our customers.  Working with industry leading experts and distribution network is in the best interest of our customers, and our ability to maintain or improve our service levels.

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SouthwireOn March 23, 1950 Southwire was founded by Roy Richards Sr. Our organization, which would revolutionize the industry, started making wire and cable with just 12 employees and three machines.

Today, we celebrate 70 years of successful business, quality and service. From our humble beginnings, we have grown from 12 to approximately 7,500 employees and a footprint that has maintained its roots but grown into an internationally recognized organization with employees located in more than 40 cities in the United States and seven countries around the world.

 

 

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Peers & Profiles

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Sean Bernard is the Intelligent Controls Manager, Canada for Ideal Industries. Sean resides in ...
Christina Huang is a Senior Contracts Manager for Schneider Electric. She has a varied, technical ...
Jenny Ng is a Business Development Manager for the Power Solutions Division of Schneider Electric. ...
With over 60-years of experience in the lighting industry, CBC Lighting has established itself as a ...

 

Omid NadiOmid Nadi, Trade Marketing Manager with Ledvance, is a Ryerson University grad coming out of their Marketing management program.

“During my education I had a big interest in innovation, disruption, and data analytics,” he noted, which has influenced his career direction.

While he was in school, he spent four years in appliance sales, “that really gave me a foundation and an understanding of sales and communication.”

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