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<\/a>Photo:\u00a0Loozrboy\/Flickr<\/a><\/em><\/p>\nFollowing a 13.9 per cent decrease in May, the value of building permits issued across Canada climbed 14.8 per cent to $7.7 billion in June thanks in large part to apartment and condo construction, according to the latest data from Statistics Canada.<\/p>\n
May to June, construction intentions in the residential sector climbed 15.9 per cent to $4.6 billion following a 13.2 per cent decline the previous month. Month-over-month gains were posted in nine provinces, led by Quebec, Alberta and Ontario. British Columbia, however, registered a slight decrease.<\/p>\n
For the\u00a0non-residential sector, the value of permits rose 13.2 per cent to $3.2 billion. Gains were posted in five provinces, led by Alberta, British Columbia and Ontario. Manitoba, Quebec and Saskatchewan registered the largest declines following large increases in May.<\/p>\n
Construction intentions for multi-family dwellings soar<\/h2>\n
After two consecutive monthly declines, construction intentions for multi-family dwellings rose 36.9 per cent to $2.2 billion month-over-month in June. Higher construction intentions for apartment and condo projects in Quebec, Alberta and Ontario contributed most to the gain at the national level. British Columbia had a small decline following a 17.4 per cent increase the previous month.<\/p>\n
The value of building permits for single-family homes, meanwhile, rose 1.6 per cent to $2.4 billion in June. Increases were posted in eight provinces, with New Brunswick, Manitoba, Saskatchewan and Ontario recording the largest gains. Alberta registered a second consecutive monthly decrease in the value of permits for single-family dwellings.<\/p>\n
Canadian municipalities approved the construction of 17,609 new homes in June, up 13.7 per cent from May. This increase was mostly attributable to multi-family dwellings, which rose 20.3 per cent to 11,785 units. The number of single-family dwellings increased 2.2 per cent to 5,824 units.<\/p>\n
The total value of building permits — both residential and non-residential — was up in 24 of the 34 census metropolitan areas in June, with Calgary, Montreal, Toronto and Vancouver posting the largest increases.<\/p>\n
In Calgary, Stats Can says the increase resulted mostly from higher construction intentions for institutional buildings and multi-family homes. In Montreal, the advance came mainly from multiple-family dwellings and industrial buildings, while in Toronto, multi-family dwellings and institutional buildings largely fueled the increase. In Vancouver, higher construction intentions for commercial projects and multi-family dwellings accounted for most of the gain in June.<\/p>\n
Conversely, Hamilton and Regina registered the largest declines. In Hamilton, the decline originated mainly from lower construction intentions for institutional buildings. In Regina, which had a strong gain the previous month, the decline came from all three non-residential components.<\/p>\n
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