Canadian Contractor

By Stats Canada   

StatsCanada: The total value of building permits rose 2.3 per cent in May

Canadian Contractor building permits cost of building residential building

The total value of building permits in Canada rose 2.3% in May to $12.1 billion. The non-residential sector increased 7.0% to $4.3 billion, while the residential sector edged down 0.1% to $7.8 billion.

On a constant dollar basis (2012=100), the total value of building permits increased 1.8% to $7.7 billion.

Residential permits edged down 0.1% to $7.8 billion in May. Increases in Ontario and British Columbia were offset by losses in seven other provinces.

Construction intentions in the multi-family component decreased 5.9% in May, with Quebec returning to more normal levels. Conversely, British Columbia saw a 10.1% increase in part due to a $112 million permit for a condo building in Surrey.

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Single-family homes have continued their comeback since the COVID-19 pandemic downturn and longer-term secular decline, increasing 7.0% in total value nationally this month.

Overall, the number of new units created decreased 3.4% compared with April. The decline in the multi-family component (-6.4%) was partially offset by the increase in the single-family home component (+5.4%).

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