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Building Permits at 2nd Highest Ever in Sept, Q3 Housing at Record

  • Building permits +17% to CAD9.4b in Sept, second only to Apr 2019's CAD9.6b, Statistics Canada says Thurs
  • "With COVID-19 cases rising in many regions in September, some municipalities reported that builders have begun to submit applications earlier as a precaution against potential shutdowns"
  • Non-residential +41% to CAD3.4b; housing +6.9% to CAD6b
  • Three-quarters of gain came in Ontario, which has seen a move to recent renewed Covid restrictions amid rising case count
  • Q3 permits +16.5%, fastest since Q4 2009, following four consecutive declines, as residential +16.8% to record CAD16.9b
  • Single-family home permits +8.9% to CAD2.8b, as people seek more space amid isolation rules. Multi-family +5.2% to CAD3.3b
MNI Ottawa Bureau | +1 613-314-9647 |
MNI Ottawa Bureau | +1 613-314-9647 |

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