Building Permits Down After Strong June

The total value of building permits decreased 3.9 per cent to $9.9 billion in July with all provinces posting lower values except British Columbia and Newfoundland and Labrador, says Statistics Canada. Most of the national decline was reported in Alberta (down 23.4 per cent), where, specifically, building permits fell 3.1 per cent in the residential sector and 5.6 per cent in the non-residential sector. For residential permits, single-family permits fell 9.6 per cent. However, construction intentions for multi-family units rose 2.7 per cent, led by British Columbia (up 55.1 per cent). Ontario saw a drop in July (down 11.7 per cent) from its growth in June (up 67.6 per cent). Non-residential permit values declined 5.6 per cent in July, despite Ontario's strong growth of 17.3 per cent. Institutional permits decreased for a third consecutive month to $718 million, with eight provinces reporting lower values. The majority of the decline came from Quebec (down 36.8 per cent). Ontario saw a 60 per cent increase. Additionally, the value of industrial permits went up 17.6 per cent to $612 million with Quebec (up 59 per cent) and Nova Scotia (up 412.3 per cent) leading the increase.