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- Canadian municipalities issued $8.3 billion worth of building permits in November, up 2.6% from October
Canadian municipalities issued $8.3 billion worth of building permits in November, up 2.6% from October
Higher construction intentions for commercial buildings drove most of the gain.
The value of non-residential building permits rose 11.6% to $3.3 billion in November. Construction intentions rose in five provinces, with British Columbia accounting for most of the gain.
In the commercial component, the value of building permits was up 16.8% to $2.1 billion, the highest level since May 2007. The increase was led by higher construction intentions for office buildings in the census metropolitan areas (CMAs) of Vancouver and Québec.
Following three consecutive monthly declines, the value of industrial building permits rose 21.9% to $527 million in November. The increase was mainly attributable to permits for new agricultural buildings.
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