{"id":21677,"date":"2023-09-07T22:52:53","date_gmt":"2023-09-08T05:52:53","guid":{"rendered":"https:\/\/essential.construction\/news\/july-permits-dip-after-strong-june\/"},"modified":"2023-09-07T22:52:54","modified_gmt":"2023-09-08T05:52:54","slug":"july-permits-dip-after-strong-june","status":"publish","type":"post","link":"https:\/\/essential.construction\/news\/july-permits-dip-after-strong-june\/","title":{"rendered":"July permits dip after strong June"},"content":{"rendered":"

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

A high value of hospital permits issued in June made July\u2019s month-to-month comparison look weak in comparison, but July\u2019s year-over-year performance in most tracked segments showed gains in value in the latest building permit figures released by Statistics Canada.<\/p>\n

Across all segments, the total monthly value of building permits in Canada declined 1.5 per cent in July, despite a monthly gain of 5.4 per cent in the residential sector. This past July\u2019s consolidated figures landed at $11.7 billion, a gain of almost a half-billion over the same month last year as permit values came in 4.4 per cent higher than July of 2022.<\/p>\n

The total monthly value of non-residential permits dipped by 11.5 per cent to $4.3 billion in July, as strength in the institutional component in June saw that segment fall by almost 20 per cent in July, to $1.3 billion. Construction intentions in the commercial component were also down, falling 10.8 per cent to $1.9 billion, while the industrial component posted a more modest decline, feeling a one per cent shave to come in at $1.1 billion.<\/p>\n

On a year-over-year basis, July\u2019s permit values in the non-residential sector are up almost 15 per cent over what was reported in July of 2022.<\/p>\n

The total monthly value of residential permits increased 5.4 per cent in July, coming in at $7.4 billion. Ontario\u2019s 23.9 per cent gain contributed the most to the rise seen in the values of both single-family and multi-family dwelling permits.<\/p>\n

Across Canada, July marked the third consecutive monthly increase in single-family home permits, up 7.6 per cent to $2.8 billion. This prolonged uptick followed a year of trending decline in construction intentions for single-family homes from May 2022 to April 2023.<\/p>\n

Permit values for multi-family dwellings were up 4.1 per cent over June\u2019s figures, hitting $4.6 billion, with the sector\u2019s construction intentions gaining ground in Ontario, Manitoba, Nova Scotia, Saskatchewan, New Brunswick and Prince Edward Island.<\/p>\n

Across Canada, permits for 22,300 new dwellings were issued in July. This amounts to a cumulative total of 150,400 new intended units in 2023, 10.9 per cent less than the 168,800 new intended units from permits issued from January to July 2022.<\/p>\n

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