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Residential permits flat, non-residential decline 30.5%


April 6, 2009
By Andy Bateman

April 6, 2009 – Following last Thursday’s GDP report, today’s Statscan report indicates
that the value of building permits fell 15.9%
to $3.7 billion from January to February 2009, with the largest decreases
coming from the non-residential sector in Ontario.

In the residential sector, the value of permits was virtually
unchanged at $2.1 billion, with the increase in the value of permits for
multiple dwellings in British
Columbia nearly offsetting the declines in the
residential sector in six provinces.

In the non-residential sector, the value of permits fell 30.5% to
$1.6 billion. This decline was due to a drop in Ontario and decreases in four other
provinces. The total value of construction intentions declined in half the
provinces.

Following a 64.2% increase in January, the value of permits for
institutional components declined 56.4% to $363 million in February. The
decrease came mainly from construction intentions for medical buildings in Ontario and Quebec and a
decline in permits for educational institutions in Ontario
and Alberta.

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Permit values for the commercial component declined 20.4% to $972
million. This decrease came largely from construction intentions for office
buildings and recreational buildings in Ontario.
However, British Columbia
experienced the strongest growth in this component.

The value of industrial permits increased 14.3% to $236 million,
following a 50.8% decrease in January. The gain in February was a result of
increased intentions in six provinces.

For further information go to www.statcan.gc.ca

 


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