In the residential sector, the value of building permits decreased between October and September by 0.4 per cent after skyrocketing 7.4 per cent, month-to-month, in September. According to Statistics Canada, the country-wide total value came to $4.5 billion, though construction intentions fell in five provinces, with the drops in Quebec and Ontario largely behind the decline. Alberta and Nova Scotia bucked the trend with the biggest boosts, month-to-month.
As for Canadian municipalities, building permits for single-family dwellings stalled and multi-family dwellings declined. Communities in Ontario recorded the biggest decline in permits for single-family units, while increases were seen in six provinces, with western provinces such as Manitoba, Alberta and British Columbia, leading the way. The gains and lows canceled each other out and altogether the value of permits remained level with the September tally of $2.4 billion.
Permits for multi-family buildings came to $2 billion in October, a 0.9 per cent drop from the month before. Quebec measured the biggest drop while Nova Scotia, Alberta and Saskatchewan all saw robust increases.
Municipalities also approved fewer dwellings in October, at a rate of 0.6 per cent less than September. The month saw 11,948 multi-family structures approved, a 0.9 per cent decline, while single-family homes saw a slight decrease of 0.2 per cent to 6,406 units.
Including non-residential building, the total value of building permits was $7.5 billion in October, up 0.7 per cent from the previous month. Once again, the growth in the value of permits was very much a western story, with British Columbia, Alberta and Saskatchewan seeing the biggest boosts.
After seeing an astonishing 38 per cent month-to-month jump in September, Ontario permits slid by about 20 per cent after seeing far fewer construction intentions for commercial and institutional buildings.