Total Value of Building Permits in Canada Increases 4.3% in September

Statistics Canada (StatsCan) reported today (11-2-21) that the total value of building permits in Canada increased 4.3% in September 2021 to $10.1 billion (CAD). Construction intentions in the residential sector were up 8.2%, while the non-residential sector decreased 3.2%. On a constant dollar basis (2012=100), building permits increased 3.4% to $6.9 billion. Overall, the residential sector rose 8.2% in September to $6.9 billion.

Construction intentions for the non-residential sector were down 3.2% to $3.3 billion in September. This occurred despite a 55.0% increase in Alberta. The value of institutional building permits dropped -30.6%, mostly due to a -35.3% decline in Quebec. Commercial building permits fell -12.4% to $1.6 billion in September, mostly due to declines in Ontario. Industrial building permits jumped 72.1% to $987 million, a record high for the series.

Compared to Q2 2021, the total value of building permits saw a second quarterly decline — down -3.8% to $29.8 billion. However, building permits were 14.3% higher compared with the Q3 of 2020. The value of residential building permits fell -5.4% to $20.2 billion in Q3 of 2021, with declines in both single-family and multi-family dwellings. In contrast, on a year-over-year basis, the residential sector was up 16.5%.


FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.
Original Source:
Building permits, September 2021