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Small gains in residential building permits – StatCan

The total value of building permits in Canada increased 2.3 percent from September to $11.2 billion in October, led by gains in the non-residential sector.

On a constant dollar basis, the total value of building permits was up 2.2 percent to $6.4 billion in October.

The total monthly value of residential building permits edged up 0.6 percent to $7.1 billion in October, following a 2.8 percent gain in September. In October, gains in residential permit values for Ontario (+7.4 percent or +$199.9 million), Alberta (+14.8 percent or +$125.5 million) and Quebec (+7 percent or +$89.0 million) offset declines in the remaining seven provinces. Year-over-year residential construction intentions were up 16.1 percent in October compared with October 2022.

Across Canada, 18,100 new dwellings in multi-unit buildings and 4,600 new single-family dwellings were authorized.