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

    Kitimat's Cleaner, More Productive Smelter Pours First Aluminum

    Kitimat's Cleaner, More Productive Smelter Pours First Aluminum
    KITIMAT, B.C. — A ceremonial first pour of molten metal at Rio Tinto Alcan's aluminum plant Tuesday marked the completion of a multibillion-dollar modernization project in the northern British Columbia community of Kitimat.

    Kitimat's Cleaner, More Productive Smelter Pours First Aluminum

    B.C. Plane Crash Sends One To Hospital, Closes Highway 97 In Southern Okanagan

    B.C. Plane Crash Sends One To Hospital, Closes Highway 97 In Southern Okanagan
    Spokesman Bill Yearwood says the plane ended up on Highway 97 near Osoyoos on Tuesday evening and its only occupant escaped before flames engulfed the aircraft.

    B.C. Plane Crash Sends One To Hospital, Closes Highway 97 In Southern Okanagan

    Body Of Australian Tourist Found In Industrial Area Outside Whistler

    Body Of Australian Tourist Found In Industrial Area Outside Whistler
    A spokeswoman for the Integrated Homicide Investigation Team says 19-year-old Jake Kermond had been staying in the resort town since March.

    Body Of Australian Tourist Found In Industrial Area Outside Whistler

    When Is A Taxi Not A Taxi? A Drunk Abbotsford Driver Learns The Hard Way

    When Is A Taxi Not A Taxi? A Drunk Abbotsford Driver Learns The Hard Way
    ABBOTSFORD, B.C. — A drunk driver in Abbotsford, B.C., is getting no sympathy for a belated decision to pocket his car keys and grab a cab.

    When Is A Taxi Not A Taxi? A Drunk Abbotsford Driver Learns The Hard Way

    Poor Air Quality In Whistler From Wildfires As B.C. Battles 182 Blazes

    Poor Air Quality In Whistler From Wildfires As B.C. Battles 182 Blazes
    VANCOUVER — Smoke from two wildfires near Whistler, B.C., is contributing to poor air quality in the town renowned for its outdoor activities.

    Poor Air Quality In Whistler From Wildfires As B.C. Battles 182 Blazes

    Indian Man, 62, Leaps In Front Of Train To Save Granddaughter At Australian Railway Station

    Indian Man, 62, Leaps In Front Of Train To Save Granddaughter At Australian Railway Station
    The grandfather, who had arrived in Australia only a few days ago, launched himself into the path of the train at Sydney's Wentworthville station on Sunday after the pram holding the toddler rolled onto the tracks

    Indian Man, 62, Leaps In Front Of Train To Save Granddaughter At Australian Railway Station