Canadian building permits values down in January
March 24, 2015 - The value of seasonally-adjusted building permits issued by Canadian municipalities declined 12.9 per cent to $6.1 billion in January, compared to the previous month, and were down approximately $960 million when compared to January 2014 ($7.09 billion), according to a recent report by Statistics Canada.
Construction intentions in the non-residential sector fell 22.8 per cent to $2.0 billion in January, following a 15.0 per cent increase the previous month.
Eight provinces experienced lower construction intentions in the sector, led by decreases in Alberta, B.C. and Ontario. Quebec experienced the largest increase in construction intentions, up 54.3 per cent from the previous month.
In the residential sector, the value of permits declined 7.0 per cent to $4.1 billion, following a 1.5-per-cent increase in December 2014.
Decreases were registered in every province, except Saskatchewan, which experienced gains in the value of both single and multi-family dwelling permits.
Ontario, Quebec, B.C. and Manitoba posted the largest declines.
To read Statistics Canada’s full analysis, click here.