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In June, the total value of building permits issued in Canada decreased by $1.2 billion (nine percent) to $12 billion. Ontario’s institutional component (-$1.4 billion) led the decline in construction intentions in June, after driving the growth in May. On a constant dollar basis (2023=100), the total value of building permits issued in June decreased 9.5 percent from the previous month and was up 6.9 percent on a year-over-year basis.
Residential construction intentions decreased by $318 million to $7.1 billion in June. British Columbia’s multi-family component (down $486.8 million) led the decline after leading the sector gains in May. In June, British Columbia’s multi-family component drove the decline in the multi-family component at the national level, which receded by $144.5 million to $4.6 billion, while Ontario (up $261.1 million) tempered losses. In June, the single-family component declined by $173.5 million to $2.4 billion, driven by Ontario ($91.1 million) and followed by Alberta ($36.9 million).
Quarterly review: residential construction intentions lead quarterly decline
The total value of building permits in the second quarter was down $1.9 billion to $36.7 billion, following five consecutive quarterly increases. The residential sector (down $3.8 billion) drove the decrease, while Ontario’s non-residential sector (up $2.5 billion) tempered losses in the second quarter. Residential construction intentions declined 15 percent, totalling $21.7 billion in the second quarter. The multi-family component (down $3 billion) drove the decline, fuelled by losses in Ontario ($1.6 billion) and British Columbia ($1.3 billion). Ontario’s decrease was driven by the Toronto CMA ($1.4 billion), which experienced a second consecutive quarterly decline. The Toronto CMA recorded its lowest constant dollar value since the series started in 2018, despite having significantly contributed to the growth in the fourth quarter of 2024. The Vancouver CMA (down $1.2 billion) drove the decline in British Columbia in the second quarter of 2025, after leading growth in the national multi-family component in the first quarter. In the second quarter, the single-family component decreased by $874.3 million to $7.7 billion, led by Ontario ($645.1 million) and supported by Alberta ($207.1 million). A total of 305,400 single-family and multi-family units were authorized for construction from the third quarter of 2024 to the second quarter of 2025, an increase of 37,900 units (14.2 percent) compared with the 267,500 units authorized over the same period one year earlier.