Building permits values up in February
April 10, 2018 - Building permit values issued by Canadian municipalities totalled just over $8.167 billion in February 2018, up approximately 6.5% from over $7.667 billion in February 2017; but were down 2.6% when compared to January 2018 ($8.384 billion), according to recently released data from Statistics Canada.
The increase in permit values over the 12-month period was fuelled by an 11.6% increase in the non-residential sector from $2.5732 billion to $2.8714 billion; and a 4.0% increase in the residential sector from $5.0939 billion to $5.2959 billion.
The largest gains in the non-residential sector were experienced by Ontario (31.4%, from $928.1 million to $1.2192 billion); Quebec (24.4%, from $502.6 million to $625.2 million); and British Columbia (27.5%, from $284.5 million to $362.8 million);
The largest declines were experienced in New Brunswick (-55.9%, from $66.8 million to 29.5 million); Saskatchewan (-54.7% or $116.8 million to $54.7 million); Manitoba (-26.3%, from $126.7 million to $93.4 million); and Nova Scotia (-27.0%, from $41.0 million to $29.9 million).
There were also declines in non-residential permit values in Alberta, Newfoundland and Labrador, P.E.I., The Yukon and The Northwest Territories.
Building permit values for the industrial sector were up 48.1% over the 12-month period from $388.3 million to $575.0 million; while institutional permits increased 10.0% (from $685.6 million to $754.3 million), and commercial permits were up 2.9% (from $1.4993 billion to $1.542.1 billion).
The largest gains in building permit values over the 12-month-period (February 2017 to February 2018) for the residential sector were experienced by Alberta (25.1%, from $670.6 million to $838.9 million); Quebec (6.6%, from $767.5 million to $818 million); Manitoba (14.6%, from $156.7 million to $179.7 million); British Columbia (4.0%, from $1.0566 billion to $1.0993 billion); Newfoundland and Labrador (40.8%, from $29.6 million to $41.7 million); and P.E.I. (86.7%, from $11.9 million to $22.1 million).
The largest declines were experienced in Nova Scotia (-41.1%, from $122.5 million to $72.2 million); Saskatchewan (-23.1%, from $98.5 million to $75.7 million); Ontario (-0.9%, from $2.118 billion to $2.098.8 billion); and New Brunswick (-25.9%, from $57.8 million to $42.8 million).
There were also declines in residential permit values in The Yukon and The Northwest Territories.
Building permit values for single-family dwellings in Canada over the 12-month period were up 1.9% (from $2.547.7 billion to $2.5973 billion), while multi-family dwellings experienced gains of 6.0% (from $2.5463 billion to $2.6986 billion).
Census metropolitan areas (CMAs)
Census metropolitan areas experienced an overall increase in building permit values of 2.3% over the 12-month period (February 2017 to February 2018). This was largely led by gains in Montreal (22.7%, from $645.0 million to $791.5 million); Edmonton (28.0%, from $327.9 million to $419.8 million); Calgary (10.7%, from $456.0 million to $504.6 million); Ottawa (18.3%, from $190.2 million to $225.1 million); and Victoria (36.5%, from $83 million to $113.3 million).
ASGA talks truck registry, global production and awards excellence at 2019 AGMThe Alberta Sand & Gravel Association (ASGA) kicked of its…
Quarry Tech agendas are announced and registration is now open!The agendas are officially set for Rock to Road’s Quarry…
New John Deere L-Series utility wheel loadersAfter much anticipation and countless hours of product development, John…
Strongco promotes new regional VP for CASE divisionStrongco is pleased to announce the promotion of Kevin Disher…
World of Concrete 2019
January 22-25, 2019
NSRBA Annual Convention
January 23-24, 2019
OSSGA Operations, Health & Safety Seminar
January 23, 2019
ORBA 2019 Convention & AGM
February 4-5, 2019
World of Asphalt/AGG1 2019
February 12-14, 2019