Residential permits down almost 6%, one province gained

by Steve Randall10 Aug 2018

There was a decline in building permits in June with the residential sector offsetting gains for non-residential.

Statistics Canada data shows a 5.7% decline for residential permits issued by municipalities compared to the previous month. Only New Brunswick posted an increase.

The total of $5.2 billion included $2.8 billion for multi-family permits, down 8.0% month-over-month; and $2.4 billion for single-family permits, down 2.9%.

The multi-family decline was led by Alberta, with 865 fewer permits issued compared to May. This sector only gained in BC (2.1%).

For single-family permits, Ontario accounted for over half of the drop in value terms ($down $37 million) while 5 other provinces posted declines.

Municipalities approved the construction of 19,111 new homes in June, down 10.5% from May. This was led by a 14.3% drop in multi-family dwellings, to 13,667 new units; while the number of new single-family dwellings increased 0.8% to 5,444 new units.

The value of building permits in the non-residential sector rose 4.6% in June to $2.9 billion. Increases in Alberta and Ontario more than offset the declines in six provinces.

Overall permits issuance totalled $8.1 billion, down 2.3% from the previous month.

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