Total building permit value rises in March – StatsCan

About $8.4bn-worth of building permits were issued by municipalities across Canada last March, Statistics Canada (StatsCan) reported Wednesday. The figure marks a 3.1% rise from February.

According to the government bureau, the rise came on the heels of higher construction intentions for multi-family dwellings, particularly in Quebec and British Columbia, and, to a lesser extent, by the commercial component.

In particular, an increase in the multi-family component more than offset lower construction intentions for single-family dwellings. Although eight provinces reported declines in the residential sector in March, higher construction intentions in Quebec (+$373.8m) and British Columbia (+$179.5m) raised the national total.

The value of permits for multi-family dwellings hit a record $3bn in March, a 12.2% hike from February. Quebec and British Columbia registered the largest increases in the multi-family component, stemming from apartment buildings and, to a lesser extent, row houses.

Meanwhile, single-family construction intentions fell 7.9% to $2.4 billion in March, with Ontario posting the largest decline (-13.7% or -$153.1 million). The census metropolitan area (CMA) of Toronto posted the largest decrease in the single-family component, down 27.6% to $302.3 million and a second consecutive monthly decline, StatsCan said.

Among non-residential structures, the total value rose 4.5% to $3bn, from Ferburary. Higher construction intentions for commercial buildings led the increase, moderated by a decline in the institutional component. In March, six provinces registered increases in the value of non-residential permits, led by British Columbia—the only province to register gains in all three non-residential components.


Related stories: 
Unlikely Canadian city attracting foreign buyers
Amazon expansion to pressure Vancouver market yet again



Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate

Get help choosing the best mortgage rate

Just fill in a few details, and we'll arrange for a Mortgage adviser to help you find the best mortgage for your needs

  • How soon do you want a mortgage?
  • Name
  • Where do you live?
  • Phone number
  • E-mail address

Industry news

Submit a press release


Do you invest in commercial properties?