Steel Markets
September 9, 2014
Canada Building Permit Values Increase 11.8% in July
Written by Sandy Williams
Canada building permit values were up 11.8 percent from June to July to a value of $9.2 billion. On a year-over year basis, building permits increased 13.3 percent. Multi-family dwellings and institutional buildings led the increase.
Residential building permit values rose 5.2 percent month over month to a record $4.2 billion. Permits were authorized for construction of 20,511 new dwellings, an increase of 21.4 percent from June. Of that total, multi-family units rose by 35.2 percent to 14,050 units while single-family dwellings slipped downward by 0.6 percent to 6,461 units.
