Steel Markets

Canada Building Permit Values Increase 11.8% in July

Written by Sandy Williams

Canada building permit values were up 11.8 percent from June to July to a value of $9.2 billion. On a year-over year basis, building permits increased 13.3 percent. Multi-family dwellings and institutional buildings led the increase.

Residential building permit values rose 5.2 percent month over month to a record $4.2 billion. Permits were authorized for construction of 20,511 new dwellings, an increase of 21.4 percent from June. Of that total, multi-family units rose by 35.2 percent to 14,050 units while single-family dwellings slipped downward by 0.6 percent to 6,461 units.

In the nonresidential sector, institutional building values rose to $1.8 billion an increase of 28.4 percent m/m that followed a strong gain in June.

Commercial building permits were up 2.6 percent to $1.8 billion after falling 2.3 percent in June. Warehouses led the increase followed by retail and wholesale outlets.

Industrial building permits fell 32.6 percent to $511 million after three consecutive monthly gains.

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