Monday, December 7, 2009

Construction gains ground in Canada

From Statistics Canada:

The value of building permits rose 18.0% in October to $6.1 billion. The increase was mainly a result of gains in the value of non-residential permits and in construction intentions for single-family dwellings.

Total value of permits

In the residential sector, the value of permits was up for a third consecutive month. Residential construction intentions climbed 3.8% to $3.4 billion. Ontario and Quebec accounted for much of the growth seen at the national level.

In the non-residential sector, municipalities issued permits worth $2.7 billion, up 42.4% following a 9.2% decline in September. All three components of non-residential construction permits increased in October.

The total value of building permits increased in six provinces, led by Alberta and Ontario.

Municipalities issued building permits worth $48.3 billion between January and October, 20.8% less than in the same period in 2008.

Non-residential sector: Gains in every component

Intentions increased in every component of the non-residential sector in October.

In the industrial component, the value of building permits doubled to $709 million. This was the third consecutive monthly increase, fuelled by higher construction intentions in Alberta, Ontario and Quebec.

After four monthly consecutive declines, the value of institutional building permits increased 50.9% to $904 million. The gain was largely attributable to educational institution projects in Alberta, Saskatchewan, Quebec and British Columbia. Ontario had an increase in the value of permits for medical buildings.

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