Permits continue downward slide across the country

Permits Continue Downward Slide Across the Country in February

Canadian Contractor

By Statistics Canada 

April 11, 2025 

In February, the total value of building permits issued in Canada increased by $371.3 million (+2.9%) to $13.1 billion. Gains in construction intentions were led by British Columbia’s non-residential sector. On a constant dollar basis (2017=100), the total value of building permits issued in February grew 3.2% from the previous month and was up 5.6% on a year-over-year basis.

British Columbia’s multi-family component drives the residential sector decline

Canada’s residential construction intentions declined by $247.4 million (-2.9%) to $8.4 billion in February 2025. Overall, the multi-family component fell by $224.8 million, while the single-family component decreased by $22.6 million. British Columbia’s multi-family component (-$185.5 million) led the decline, with decreases concentrated in the Vancouver CMA. Quebec (-$131.5 million) and New Brunswick (-$105.4 million) contributed to the residential sector decrease in February, after helping to offset losses in the national residential sector the previous month. Quebec’s residential sector decline was driven by the multi-family component (-$107.9 million) and supported by the single-family component (-$23.6 million). New Brunswick’s residential sector decrease was led by the multi-family component (-$103.3 million). The decrease in the national residential sector was mitigated by Ontario (+$110.2 million).

Read more at CanadianContractor.ca

 

Latest in the Toolbox...