Value of building permits in Canada increased to $13.0 billion in September

Statistics Canada
November 12, 2024
Category: Finance & Economics
Region: Canada

The total value of building permits in Canada increased by $1.3 billion (+11.5%) to $13.0 billion in September, reaching the second-highest level since the start of the new series in January 2017. Ontario’s construction intentions grew by $1.2 billion (+25.0%) to $5.9 billion in September 2024, leading gains in both the non-residential and residential sectors. …Ontario’s institutional construction intentions push up the non-residential sector. The total value of non-residential building permits increased by $797.5 million (+18.0%) to $5.2 billion in September. However, industrial (-$17.6 million) and commercial (-$9.9 million) construction intentions edged down. …Growth in Ontario’s multi-unit component fuels the residential sector. Construction intentions for the residential sector rose by $540.7 million (+7.5%) to $7.7 billion in September, led by the multi-unit component (+$505.5 million), while the single-family component (+$35.1 million) contributed modestly.

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