{"id":13887,"date":"2023-03-06T18:17:14","date_gmt":"2023-03-07T02:17:14","guid":{"rendered":"https:\/\/essential.construction\/news\/permits-take-polar-dip-on-site-magazine\/"},"modified":"2023-03-06T18:17:14","modified_gmt":"2023-03-07T02:17:14","slug":"permits-take-polar-dip-on-site-magazine","status":"publish","type":"post","link":"https:\/\/essential.construction\/news\/permits-take-polar-dip-on-site-magazine\/","title":{"rendered":"Permits take polar dip – On-Site Magazine"},"content":{"rendered":"

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Building permits, January 2023. (Source: Statistics Canada, Table 34-10-0066-01, Building permits, by type of structure and type of work.)<\/p>\n<\/div>\n

The monthly total value of building permits in Canada decreased four per cent in January, coming in at $9.8 billion, reports Statistics Canada. Eight provinces reported contractions in January, with the multi-residential sector in British Columbia contributing significantly to the national fall.<\/p>\n

Overall, the residential sector declined 6.6 per cent, reporting in at $6.1 billion for the month. Conversely, the non-residential sector was relatively stable thanks to a 5.4 per cent rise in commercial permits. Cumulatively, the industrial, commercial and institutional segments managed a modest increase of 0.7 per cent to $3.7 billion, although the commercial gains masked red ink in the other two components.<\/p>\n

The downward trend in multi-family home permits continued as construction intentions declined 8.3 per cent for that segment in January. British Columbia saw a 28 per cent decline, or $301.2 million less than a December that had a significant number of urban development intentions. Single-family home permits were also off, decreasing 4.4 per cent.<\/p>\n

While the non-residential sector posted relatively stable month-to-month figures, rising slightly to $3.7 billion, the January gains were on the strength of the commercial component.<\/p>\n

Commercial permit values increased 5.4 per cent in January, with Ontario leading the charge with a rise of almost 23 per cent. This was the second consecutive monthly increase.<\/p>\n

The value of building permits in the industrial component were off almost four per cent in January, with six provinces posting declines. After reaching its peak at over a billion dollars in November 2022, the component returned to more normal levels in January 2023.<\/p>\n

Construction intentions in the institutional sector decreased almost six per cent in January. A 44 per cent jump in B.C. was not enough to offset losses in other provinces, including Quebec which was down more than 20 per cent.<\/p>\n

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www.statcan.gc.ca<\/a><\/p>\n<\/p><\/div>\n