Ottawa, ON — Following declines in April and May, Statistics Canada reports the total value of building permits issued in Canada rebounded by $2.3 billion (18.5 per cent) to reach $14.9 billion in June. Gains were seen in both the residential and non-residential sectors.
In June, residential construction intentions grew by 6.3 per cent ($479.7 million) to $8.1 billion. The increase was attributed to the multi-unit component ($283.7 million) and the single-family component ($196.0 million).
Gains in the multi-unit component in June were driven by Quebec ($201.3 million) and supported by Alberta ($143.4 million) and Saskatchewan ($61.4 million). In the single-family component, Alberta ($110.8 million) led the increase in June, followed by Quebec ($85.4 million).
The value of non-residential building permits grew $1.8 billion to $6.8 billion in June. The institutional component ($1.5 billion) led the increase, while the industrial ($268.8 million) and commercial ($67.9 million) also recorded gains.
Gains in the institutional component were bolstered by Ontario ($1.3 billion) and Quebec ($238.7 million). In the industrial component, Saskatchewan ($189.5 million) and Ontario ($104.2 million) led the way.
In the commercial component, Ontario ($106.0 million) recorded the largest increase of the seven provinces.