Building permits decline in August; reversing the trend

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Following three months of double-digit increases in the number of building permits issues by municipalities across Canada there was a drop in August. According to the latest data release from Statistics Canada the decline was mainly the result of lower construction intentions for non-residential buildings in Quebec and residential buildings in Ontario. After five consecutive monthly advances, the total value of permits in the residential sector declined 15.9 per cent in August to $4.2 billion. The largest decreases were registered in Ontario, followed by British Columbia and the Atlantic provinces. Gains were recorded in four provinces, led by Alberta. Building permits for multi-family dwellings decreased 28.6 per cent in August to $1.8 billion, following a 42.8 per cent increase in July. Decreases were reported in six provinces, led by Ontario, with British Columbia a distant second. Alberta and Saskatchewan registered the largest increases. Multi-family dwellings saw the biggest downturn, dipping 28.6 per cent after an increase of more than 40 per cent in July. In the non-residential sector, the total value of building permits decreased 40.6 per cent to $2.5 billion in August, following four consecutive monthly gains. Lower construction intentions were posted in seven provinces, with Quebec contributing most to the national decline. 
  • Brian Gregory on 2014-10-08 12:42:55 PM

    CAAMP just released its stats that show housing starts in BC up in August not down as this article suggests. Who's right oris it all just interpretation of data? If it is interpretation, what's the point?

  • Brian Gregory on 2014-10-08 12:43:00 PM

    CAAMP just released its stats that show housing starts in BC up in August not down as this article suggests. Who's right oris it all just interpretation of data? If it is interpretation, what's the point?

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