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StatsCan building permits report: February 2018


April 12, 2018
By StatsCan

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April 12, 2018 – Canadian municipalities issued $8.2 billion in building permits in February (-2.6%), following a 5.2% gain in January. Single-family homes as well as the commercial and institutional components saw lower levels of construction intentions in February.

Residential sector: The value of permits for single-family dwellings declines
The value of permits for single-family dwellings decreased 1.6% (-$41.3 million) in February, largely due to Ontario where intentions fell 6.9% (-$84.2 million) compared with January. The census metropolitan areas (CMAs) of Toronto (-13.6% or -$67.1 million) and Oshawa (-64.7% or -$65.7 million) posted the largest declines.

Nationally, the value of multi-family dwellings rose 1.0%. Six provinces posted increases in February, led by Alberta. The value of permits for multi-family dwellings in Alberta rose 46.9% (+$108.6 million), nearly offsetting the 19.0% (-$109.3 million) decline in Quebec. Despite a 4.2% decline in the province of British Columbia, the value of multi-family dwelling permits in the  of Vancouver rose 4.2% to $548.6 million. Construction intentions for multi-family dwellings in Vancouver remained strong, posting a value above $500 million for the third consecutive month.

Provinces: Intentions down in Quebec and Ontario following gains in JanuaryThe total value of building permits decreased in six provinces in February. The largest declines were in Quebec and Ontario, while Alberta reported the largest increase followed by Manitoba.

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The value of building permits declined in Quebec in February following two monthly increases. Every component except the industrial component and single-family dwellings declined. The value of permits for multi-family dwellings posted the largest decline (-$109.3 million), stemming mainly from apartment building intentions for the  of Montréal.

The value of building permits declined 3.2% in Ontario to $3.3 billion in February, following a strong January (+12.1%). Every component was down except the industrial component and multi-family dwellings. The value of permits for single-family dwellings posted the largest decline (-$84.2 million or -6.9%).

Alberta reported an increase in every building component in February except for commercial and industrial structures. The residential sector rose by 20.5% to $838.9 million in February, primarily a result of higher construction intentions for multi-family dwellings.