Building Permit Issuance On Rise

All sectors observed gains in the total value of building permits issued in September, which rose 17 per cent to $9.4 billion, says Statistics Canada. Over three-quarters of this growth came from permits issued in Ontario. With COVID-19 cases rising in many regions in September, some municipalities reported that builders have begun to submit applications earlier as a precaution against potential shutdowns. The total value of residential permits issued in September, including single family and multi-family dwellings, increased 6.9 per cent to $6 billion. The value of permits issued for single family homes rose 8.9 per cent to $2.8 billion in September, led by Ontario where there was an 18 per cent increase. This was the fifth consecutive monthly gain reported in the province, outweighing the declines posted in six other provinces. Five provinces reported an increase in the value of permits issued for multi-family dwellings, lifting the national total by 5.2 per cent to $3.3 billion. In British Columbia, a 49.1 per cent increase came after two months of decline and led the nation in growth in this component. The total value of non-residential permits was up 40.6 per cent to $3.4 billion in September, mostly attributable to large projects in Ontario.