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The value of commercial building permits was down 15.6%

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July 19, 2016 by Statistics Canada

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The value of commercial building permits was down 15.6 per cent to $1.2 billion in May, a third consecutive monthly decline. The drop was largely the result of lower construction intentions for office buildings, recreational facilities and distribution warehouses. Decreases were reported in five provinces, led by Quebec, Ontario and Manitoba.

In the industrial component, the value of permits edged up 0.6 per cent to $384 million, after posting a 7.8 per cent decline the previous month. The advance was attributable to higher construction intentions for manufacturing plants. Gains were reported in six provinces, led by Ontario and Quebec.

The value of institutional building permits was up 20.3 per cent to $842 million, a second consecutive monthly advance. Higher construction intentions for medical facilities led the increase. The largest gain was recorded in the Northwest Territories, followed by Ontario and Quebec.

Source: Statistics Canada

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