Value of Building Permits Issued in August rose 6.1%

Value of Building Permits August

Oct 9, 2019

The value of building permits issued by Canadian municipalities rose 6.1% to $9.0 billion in August, largely because of increases in multi-family and industrial permits. Gains were reported in seven provinces, with over one-third of the national increase in Quebec.

Value of residential permits rises

The value of permits for multi-family dwellings rose in every province, except Nova Scotia, increasing 18.8% to $3.3 billion in August. Over half of these gains were in British Columbia (+$282 million), largely because of a high-value permit in Vancouver. Quebec also contributed to the increase, up $143 million compared with July.

The value of permits for single-family dwellings rose 3.2% to $2.4 billion nationally, led by Ontario. The the census metropolitan area (CMA) of St. Catharines-Niagara issued a record high of $102 million in single-family permits, up $58 million from July. These gains were largely attributable to several developers filing additional permits prior to an upcoming increase in development costs in the region.

Value of industrial permits increases

Industrial permits were the only component in the non-residential sector to increase in value, rising 18.9% to $675 million. The increase was largely due to a high-value permit for a bio-pharmaceutical company in the CMA of Toronto. 

The value of commercial permits declined 5.9% to $1.9 billion, following gains in July. Quebec showed some strength in the commercial component (+$73 million) despite the national decrease. 
Five provinces reported declines in the value of institutional permits, down 10.7% to $651 million. 

The value of permits was down in all three non-residential components in British Columbia, which also reported the largest provincial declines in the values of commercial (-$118 million) and institutional (-$48 million) permits.

Source: Statistics Canada, www150.statcan.gc.ca/n1/daily-quotidien/191008/dq191008a-eng.htm

Related Articles


Changing Scene

  • Acuity Brands to Announce Fiscal 2023 Third-Quarter Results on June 29, 2023

    Acuity Brands to Announce Fiscal 2023 Third-Quarter Results on June 29, 2023

    May 31, 2023 Acuity Brands announced that it is planning to release its fiscal 2023 third-quarter earnings results on Thursday, June 29, 2023, at 6:00 a.m. (EST), followed by a conference call at 8:00 a.m. (EST). Neil Ashe, Chairman, President, and Chief Executive Officer of Acuity Brands will lead the call. The webcast, earnings release, and supplemental presentation can… Read More…

  • Thermon Reports Fourth Quarter and Full Year Fiscal 2023 Results

    Thermon Reports Fourth Quarter and Full Year Fiscal 2023 Results

    May 31, 2023 Record Revenue, Adjusted EBITDA, and EPS for Fiscal 2023 Accelerating progress of Decarbonization, Digitization and Diversification initiatives Introducing Fiscal 2024 revenue guidance of $455 – $485 million Thermon Group Holdings recently announced consolidated financial results for the fourth quarter (“Q4 2023”) of the fiscal year ending March 31, 2023 (“Fiscal 2023”). As… Read More…


Peers & Profiles

  • Schneider Electric, a leader in the digital transformation of energy management and automation, is Canada’s top international corporate citizen in 2022. This designation was awarded to Schneider Electric by Corporate Knights, a media and research company committed to advancing a sustainable economy. Read More…

  • The Sonepar Ontario Region is proud to announce the relocation of their SESCO Central Distribution Centre (CDC) to its new location in Brampton, ON. This move has facilitated an amalgamation between Texcan’s large Brampton branch and SESCO’s CDC, as both businesses work together within one facility for the first time. Read More…