Building Permits, November 2022
January 16, 2023
The total value of building permits in Canada jumped 14.1% in November to $11.0 billion, rebounding after two consecutive monthly losses.
On a constant dollar basis (2012=100), the total value of building permits went up 12.3% to $6.5 billion.
Multi-unit dwelling component drives residential sector growth
The value of residential permits increased 13.7% to $7.1 billion nationally in November.
The value of building permits in the multi-family dwelling component was up 19.0%. Ontario contributed to much of the growth with 21 permits for new condominiums and apartments valued at over $10 million. The total number of planned dwelling units in Ontario grew 60% month over month, returning to historical averages reported over the last three years.
The single-family dwelling component advanced 7.1% following four consecutive monthly declines. Gains were posted in seven provinces. Despite the increase in value, the number of dwelling units posted its sixth consecutive monthly decrease.
Ontario pushes up non-residential sector
The total permit value of the non-residential sector rose 14.9% to $3.9 billion in November.
The value of permits in the institutional component strongly increased (+40.6%). Much of the gain was because of a new courthouse planned for development in Toronto valued at just over $500 million. This project helped offset losses posted in six provinces.
The value of building permits in the industrial component showed a strong progression (+32.4%) following significant gains the previous month. Ontario led the way with a $425 million permit for a manufacturing plant in Toronto.
Construction intentions in the commercial component edged down 0.6%, mostly because of losses posted in British Columbia.
To explore data using an interactive user interface, visit the Building permits: Interactive Dashboard.
To explore the impact of the COVID-19 pandemic on the socioeconomic landscape, please consult the Canadian Economic Dashboard and COVID-19.
For more information on housing, please visit the Housing statistics portal.
Statistics Canada has a Housing Market Indicators dashboard. This web application provides access to key housing market indicators for Canada, by province and by census metropolitan area. The indicators are updated automatically with new information from monthly releases, giving users access to the latest data.
