{"id":25903,"date":"2024-05-22T15:17:54","date_gmt":"2024-05-22T22:17:54","guid":{"rendered":"https:\/\/essential.construction\/news\/statistics-canada-releases-building-permits-march-2024\/"},"modified":"2024-05-22T15:17:54","modified_gmt":"2024-05-22T22:17:54","slug":"statistics-canada-releases-building-permits-march-2024","status":"publish","type":"post","link":"https:\/\/essential.construction\/news\/statistics-canada-releases-building-permits-march-2024\/","title":{"rendered":"Statistics Canada releases building permits March 2024"},"content":{"rendered":"<a href=\"https:\/\/essential.construction\/files\/membership-default-internal\/\" class=\"memberhide\"><img decoding=\"async\" src=\"https:\/\/essential.construction\/news\/wp-content\/uploads\/sites\/15\/2023\/01\/20220718_175041000_iOS.jpg\" alt=\"-\"><\/a><br\/>\n<div>\n<p>According to\u00a0<a rel=\"nofollow noopener\" href=\"https:\/\/www150.statcan.gc.ca\/n1\/daily-quotidien\/240513\/dq240513a-eng.htm\" target=\"_blank\">Statistics Canada<\/a>, the total value of building permits in Canada decreased 11.7 per cent to $10.5 billion in March. Construction intentions in the non-residential component declined 16.7 per cent to $4.0 billion, while the residential sector decreased by 8.3 per cent to $6.5 billion. Declines were observed in all components except for the commercial component.<\/p>\n<p>On a constant dollar basis (2017=100), the total value of building permits fell 11.6 per cent in March, following two consecutive months of increases.<\/p>\n<h2>Monthly declines in industrial construction intentions push down the non-residential sector<\/h2>\n<p>Non-residential construction intentions decreased 16.7 per cent to $4.0 billion in March, with reductions in the industrial and institutional\u00a0components. The large decline in the industrial component was due to the lack of major industrial permits issued in March compared with February, which was the second-highest monthly level recorded.<\/p>\n<p>The commercial component tempered the declines in the non-residential sector by growing 5.8 per cent to $2.2 billion in March.<\/p>\n<h2>Ontario drives monthly downturn in residential sector<\/h2>\n<p>The value of residential building permits decreased 8.3 per cent to $6.5 billion in March. Ontario led the decline in value for both single-family and multi-family dwelling permits. Despite the overall decline, the residential sector grew in Quebec, Prince Edward Island, Saskatchewan, Newfoundland and Labrador and Manitoba.<\/p>\n<p>Across Canada,\u00a016,800\u00a0new multi-unit dwellings and\u00a04,200\u00a0new single-family homes were authorized in March. From April\u00a02023\u00a0to March\u00a02024, a total of\u00a0260,200\u00a0new units were authorized.<\/p>\n<\/p><\/div>\n<p><script>(function(d, s, id) {\n\t  var js, fjs = d.getElementsByTagName(s)[0];\n\t  if (d.getElementById(id)) return;\n\t  js = d.createElement(s); js.id = id;\n\t  js.src = \"\/\/connect.facebook.net\/en_US\/sdk.js#xfbml=1&appId=761779333850340&version=v2.0\";\n\t  fjs.parentNode.insertBefore(js, fjs);\n\t}(document, 'script', 'facebook-jssdk'));<\/script><br \/>\n<br \/><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-5143531171910809\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- News - Bottom -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-5143531171910809\"\r\n     data-ad-slot=\"8320848692\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><a href=\"https:\/\/www.canadiancontractor.ca\/canadian-contractor\/statistics-canada-releases-building-permits-march-2024\/1003294068\/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=statistics-canada-releases-building-permits-march-2024\" rel=\"nofollow noopener\" target=\"_blank\">This article was originally posted at Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to\u00a0Statistics Canada, the total value of building permits in Canada decreased 11.7 per cent to $10.5 billion in March. &#8230; <a title=\"Statistics Canada releases building permits March 2024\" class=\"read-more\" href=\"https:\/\/essential.construction\/news\/statistics-canada-releases-building-permits-march-2024\/\" aria-label=\"Read more about Statistics Canada releases building permits March 2024\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":25904,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1090],"tags":[1091],"class_list":["post-25903","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-canadian-contractor","tag-canada","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts\/25903","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/comments?post=25903"}],"version-history":[{"count":0,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts\/25903\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/media\/25904"}],"wp:attachment":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/media?parent=25903"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/categories?post=25903"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/tags?post=25903"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}