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- Canadian municipalities issued $8.1 billion worth of building permits in August, up 0.4% from July
Canadian municipalities issued $8.1 billion worth of building permits in August, up 0.4% from July
Strength in the non-residential sector drove the increase, while the residential sector declined for the third consecutive month.
n the non-residential sector, $3.2 billion worth of permits were issued in August, up 8.8% from the previous month. Both the institutional (+25.8%) and commercial (+8.9%) components contributed to the gain, which was largely the result of the issuance of permits for a new hospital in Ontario and new office buildings in British Columbia.
Meanwhile, the value of industrial permits fell 5.9% in August to $677 million. This followed a 13.4% gain in July, as multiple permits were issued that month for transportation terminals and manufacturing structures in Ontario and Alberta.
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