{"id":17955,"date":"2023-06-06T23:15:05","date_gmt":"2023-06-07T06:15:05","guid":{"rendered":"https:\/\/essential.construction\/news\/rough-april-for-building-permits\/"},"modified":"2023-06-06T23:15:07","modified_gmt":"2023-06-07T06:15:07","slug":"rough-april-for-building-permits","status":"publish","type":"post","link":"https:\/\/essential.construction\/news\/rough-april-for-building-permits\/","title":{"rendered":"Rough April for building permits"},"content":{"rendered":"

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

The total monthly value of building permits in Canada dropped 18.8 per cent in April, to $9.6 billion, hitting their lowest level since December of 2020.<\/p>\n

The fall was particularly hard in the non-residential sector, where Statistics Canada reports the monthly value fell by 34.6 per cent on the heels of a record-high March. April\u2019s non-residential permits came in at $3.4 billion as the commercial and industrial segments both fell more than 40 per cent.<\/p>\n

On a seasonally unadjusted basis, the average commercial permit was valued at $433,000 in April compared with $901,000 in March. Similarly, the average industrial permit was valued at $413,000 in April compared with $1.7 million in March. The significantly lower average permit values, says Statistics Canada, show that the monthly declines in April are attributed to exceptionally high volumes of large-scale projects in March.<\/p>\n

The residential sector outperformed the ICI segments, but was also not able to outperform the March totals. The total monthly value of residential permits declined 6.1 per cent, to $6.1 billion, sliding for the second consecutive month. Declines were posted for both the single-family and multi-dwelling components.<\/p>\n

Ontario was down 10.5 per cent, which greatly contributed to the monthly decrease. British Columbia, which up 2.6 per cent and Saskatchewan, which jumped a whopping 45 per cent, were the two provinces to post monthly growth in residential construction intentions.<\/p>\n

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