Permits trend still flat to rising
April 10, 2018
Statistics Canada reports that Canadian municipalities issued $8.2 billion in building permits in February. This was a drop of just over 2.5 per cent from January, but a gain of 6.5 per cent over February of 2017.
The value of permits for single-family dwellings slid slightly, month-to-month, coming in at $2.6 billion, while the national value of multi-family dwellings rose to $2.7 billion.
In the non-residential segments, municipalities issued $2.9 billion worth of building permits in February. This was down 6.6 per cent from January, but up almost 12 per cent from one year earlier. Commercial and institutional components were 2.9 and 10 per cent higher than February of 2017, but the industrial component showed the most significant rise, jumping 4.8 per cent on a monthly basis, and coming in almost 50 per cent higher than a year earlier.