Photo: Sheila Sund/Flickr
Canada keeps building and building, with $8 billion worth of permits issued in June, an incredible 13.5 per cent increase from May. However, the institutional and industrial markets pushed the country-wide numbers upwards thanks to a flurry of activity in Quebec and Alberta.
Just how stark was the difference between the residential and non-residential sectors? According to Statistics Canada, the value of non-residential permits rose 32.5 per cent to $3.8 billion in June. It was the third month-to-month increase in a row.
On the residential side, the value of permits inched up by 0.4 per cent to $4.2 billion, the fourth month in a row with an uptick. The biggest surge was seen in Ontario, followed by Nova Scotia and Quebec. British Columbia recorded the biggest drop.
For municipalities, there were more permits issued for single-family dwellings. Overall, they issued $2.4 billion worth of permits in June, up 5.5 per cent from the previous month. That was the third consecutive monthly increase.
Six provinces, led by Alberta, with Ontario, Quebec and British Columbia following, recorded increases.
For the multi-family market, permits fell by six per cent to $1.7 billion in June, the first decline after three consecutive months of increases. A drop in construction intentions in Western Canada pulled down the overall average. However, Ontario and Nova Scotia did see gains in June.
Altogether, Canadian communities approved the construction of 16,770 new dwellings in June, a 4.6 per cent slip from May. The 10,202 tally for multi-family units represented a 10.7 per cent decline from the previous month. Conversely, the approval of 6,568 single-family homes in June represented a 6.9 per cent spike over May.