Residential building permits in Canada fall in April
Canadian municipalities issued $7.1 billion worth of building permits in April, down 0.2% from March, Statistics Canada said on Thursday. Lower construction intentions for single-family dwellings were mainly responsible for the national decrease. The value of building permits declined in four provinces in April, led by Ontario and Alberta.
The value of residential building permits issued by Canadian municipalities fell 2.5% in April to $4.5 billion, marking a third consecutive monthly decrease. Lower construction intentions for single-family dwellings more than offset a moderate gain in the multi-family component. In April, three provinces posted declines in the residential sector, led by Ontario.
Construction intentions for single-family dwellings fell 8.1% in April to $2.5 billion. The decrease stemmed primarily from single-detached homes in Ontario, specifically the Toronto census metropolitan area (CMA), while five other provinces also reported declines in the single-family building component.
Conversely, multi-family dwelling construction intentions rose 5.6% in April to just under $2.0 billion, largely due to gains in seven provinces, led by British Columbia. The increase followed a 21.1% drop in March and was moderated by a notable decline in the apartment building category in Alberta.
Canadian municipalities approved the construction of 16,701 new dwellings in April (down 0.7% compared with March), consisting of 6,015 single units (-1.5%) and 10,686 multi-family units (-0.2%).
Source: Statistics Canada