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- Canadian municipalities issued $7.6 billion worth of building permits in October, up 8.7% from September
Canadian municipalities issued $7.6 billion worth of building permits in October, up 8.7% from September
Municipalities issued $7.6 billion worth of building permits in October, up 8.7% from September. Higher construction intentions for commercial structures and residential dwellings in Alberta were responsible for much of the gain, as builders filed permits in advance of the changes in the provincial Building Code.
The value of residential building permits rose 7.7% to $5.2 billion in October. This was the third consecutive monthly increase. Advances were posted in eight provinces, led by Alberta and followed by British Columbia and Ontario.
Construction intentions for non-residential buildings increased 10.7% to $2.5 billion in October, following a 21.4% drop in September. Gains were registered in eight provinces, led by Alberta. Quebec and Manitoba reported declines in the non-residential sector.
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