Residential building permit applications increased by 8.7 per cent in value terms in July, reaching $5 billion, but down from the 16.7 per cent increase seen in June. Multi-family dwellings amounted to $2.5 billion, up 14.3 per cent but down from the 37 per cent rise seen in June; single-family homes made up the other $2.5 billion with a smaller increase of 3.6 per cent.
In volume terms municipalities approved the construction of 19,555 new dwellings in July, up 10.6 per cent from June. The increase came from both multi-family dwellings, which rose 13.5 per cent to 13,384 new units, and single-family dwellings, which increased 4.8 per cent to 6,171 new units.
Including non-residential permits, the national figure was down in July from the month before; down 0.6 per cent to $7.7 billion in July, following a 15.5 per cent increase in June. Lower construction intentions in the non-residential sector, mainly in Ontario and Alberta, accounted for much of the decrease at the national level.
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