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Building permits, January 2022 – only Industrial saw growth


March 4, 2022
By Anthony Capkun


March 4, 2022 – Statscan reports the total value of building permits decreased 8.8% to $10.1 billion in January 2022.

The residential sector fell 11.6% to $6.7 billion, while the non-residential sector declined 2.7% to $3.4 billion.

The multi-family component really dragged down the residential sector (-18.5%), while intentions for single-family homes decreased by 3.8%. Most of the declines were in Ontario and British Columbia.

The commercial component decreased by 10.2% in January, pulling down the entire non-residential sector.

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Ontario and British Columbia, again, reported the largest declines in this sector. In BC, the decline signified a return to more normal levels following a strong December, says Statistics Canada.

Nationally, the decline in commercial construction intentions was partially offset by a 15.2% increase in the industrial component.

Construction intentions in the institutional component were slightly lower in January (-2.6%) compared with the value in December.

Declines in six provinces were mostly offset by strong growth in Ontario (+68.4%), reflecting a $102-million nursing home permit issued in North Bay.



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