Building Permits Rise

The total value of building permits increased 1.3 per cent to $10.3 billion in October, led by gains in British Columbia (up 15 per cent) and Ontario (up 4.5 per cent), says Statistics Canada. However, residential construction intentions edged down 0.1 per cent to $6.9 billion, with Ontario (down 2.2 per cent) and British Columbia (down 4.9 per cent) pulling down the sector. While multi-family units fell 8.8 per cent, New Brunswick (up 123.8 per cent) reported its second highest value on record. Furthermore, construction intentions for institutional buildings jumped 63.2 per cent, commercial building permits rose 10.1 per cent, and the total value of building permits in the non-residential sector at the national level rose 4.2 per cent to $3.4 billion, 16.7 per cent above the pre-pandemic level in February 2020.