Close X
Friday, November 29, 2024
ADVT 
National

Total Value Of Building Permits Issued In May Drops 14.5%: Statistics Canada

The Canadian Press, 08 Jul, 2015 11:43 AM
    OTTAWA — The total value of building permits issued by Canadian municipalities in May fell 14.5 per cent to $6.7 billion, following two months of double-digit gains, Statistics Canada said Tuesday.
     
    Economists had expected a drop of five per cent, according to Thomson Reuters.
     
    Statistics Canada said the value of residential permits issued in May dropped 13.5 per cent to $3.9 billion after three consecutive monthly increases.
     
    The value of multi-family home permits fell 22.9 per cent to $1.6 billion in May due to a drop in every province and territory, except British Columbia, New Brunswick and Nunavut.
     
    Contractors took out $2.3 billion worth of building permits for single-family homes in May, down 5.5 per cent.
     
    Meanwhile, municipalities issued non-residential building permits worth $2.8 billion in May, down 16.0 per cent from April.
     
     
    The value of permits for institutional buildings fell 34.0 per cent to $867 million in May, while plans for industrial buildings dropped 15.6 per cent to $408 million.
     
    Commercial building permit values slipped 0.4 per cent to $1.5 billion.
     
    The value of permits issued were down in five provinces, led by Ontario and followed by British Columbia, Alberta, Newfoundland and Labrador and Nova Scotia.
     
    The drop in Ontario came mostly as a result of lower construction intentions for institutional buildings, multi-family dwellings and single-family houses.

    MORE National ARTICLES

    Nelson Hart Sentenced To House Arrest For Threatening Jail Guard In Prison

    Nelson Hart will serve 30 days of house arrest and one year of probation for an incident at Her Majesty's Penitentiary in St. John's on Jan. 30, 2013.

    Nelson Hart Sentenced To House Arrest For Threatening Jail Guard In Prison

    U.S. Vice-president Joe Biden Meets With Pm Stephen Harper Before FIFA Final

    U.S. Vice-president Joe Biden Meets With Pm Stephen Harper Before FIFA Final
    VANCOUVER — American Vice-President Joe Biden paid homage to the close ties between the United States and Canada during a trip north of the border to take in the FIFA Women's World Cup final in Vancouver.

    U.S. Vice-president Joe Biden Meets With Pm Stephen Harper Before FIFA Final

    Weekend Shooting In Surrey That Injured One Likely Targeted: RCMP

    Weekend Shooting In Surrey That Injured One Likely Targeted: RCMP
    RCMP say officers responded to reports of gunfire (in the 12300 block of 71 A Avenue) shortly before 2 p.m. on Sunday.

    Weekend Shooting In Surrey That Injured One Likely Targeted: RCMP

    Surrey Woman, 34, In Stable Condition After Being Stabbed

    Surrey Woman, 34, In Stable Condition After Being Stabbed
    RCMP say they responded to a report of a stabbing (in the 8100-block of King George Boulevard) just before 6 a.m.

    Surrey Woman, 34, In Stable Condition After Being Stabbed

    Two People Rushed To Hospital After Plane Crashes On Runway At Duncan Airport On Vancouver Island

    Two People Rushed To Hospital After Plane Crashes On Runway At Duncan Airport On Vancouver Island
    RCMP say the single-engine plane crashed into a sloped area near the runway, causing significant damage to the aircraft

    Two People Rushed To Hospital After Plane Crashes On Runway At Duncan Airport On Vancouver Island

    Garbage Truck Driver Cooperating After Crash Kills 62-Year-Old Woman In Vancouver

    Garbage Truck Driver Cooperating After Crash Kills 62-Year-Old Woman In Vancouver
    Const. Brian Montague says a garbage truck turning onto Kingsway Avenue off Broadway collided with a pedestrian crossing the street.

    Garbage Truck Driver Cooperating After Crash Kills 62-Year-Old Woman In Vancouver