Statistics Canada (StatsCan) reported today (8-4-21) that the total value of building permits rose 6.9% to $10.3 billion in June. Seven provinces contributed to the gain, led by Ontario, which jumped 22.7%. Construction intentions in the residential sector were up 9.1%, while the non-residential sector advanced 2.2%. On a constant dollar basis (2012=100), building permits increased 5.2% to $7.2 billion. Construction intentions for single-family dwellings increased 4.7% to $3.4 billion. Seven provinces saw gains in this component, led by Ontario and Alberta. Overall, the value of residential building permits increased 9.1% to $7.2 billion, following two months of lower construction intentions.
Construction intentions for the non-residential sector were up 2.2% to $3.1 billion in June. Gains were reported in eight provinces, led by Alberta (+32.7%). Industrial permits increased 2.3% to $526 million. Six provinces showed increases, led by Ontario (+37.8%), while Quebec reported the largest decrease (-32.9%).
In Q2 2021, total building permits declined -1.7% to $31.0 billion, compared with the previous period. Despite this, the value of building permits remained the second highest on record and was 38.5% above the same quarter in 2020, which was heavily impacted by COVID-19 restrictions in the construction industry.
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.