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Investing.com -- The total value of building permits issued in Canada decreased by $1.2 billion (-9.0%) to $12.0 billion in June, according to Statistics Canada.
Ontario’s institutional component, which fell by $1.4 billion, led the decline in construction intentions after driving growth in May. On a constant dollar basis (2023=100), the total value of building permits decreased 9.5% from the previous month but was up 6.9% year-over-year.
The non-residential building permits sector saw a decrease of $863.8 million to $4.9 billion in June. Ontario’s institutional component dropped from $1.9 billion in May to $538.0 million in June, driving the monthly non-residential decline. Despite this decrease, institutional construction intentions remained strong at $1.7 billion nationally, supported by growth in Alberta (+$455.4 million) due to hospital construction plans in the Red Deer census metropolitan area.
Commercial construction intentions declined by $87.4 million, with Quebec (-$113.6 million), British Columbia (-$38.9 million), and Nova Scotia (-$33.9 million) leading the decrease. Ontario (+$139.6 million) partially offset these declines with new permits for warehouses, indoor recreational facilities, and retail outlets.
The industrial component increased by $192.7 million in June, led by Quebec (+$136.4 million) and Ontario (+$78.1 million).
In the residential sector, construction intentions decreased by $318.0 million to $7.1 billion. British Columbia’s multi-family component (-$486.8 million) led this decline after driving sector gains in May. The national multi-family component fell by $144.5 million to $4.6 billion, while Ontario (+$261.1 million) helped temper losses.
The single-family component declined by $173.5 million to $2.4 billion, primarily due to decreases in Ontario (-$91.1 million) and Alberta (-$36.9 million).
Looking at quarterly data, the total value of building permits in the second quarter of 2025 decreased by $1.9 billion to $36.7 billion, ending five consecutive quarterly increases. The residential sector (-$3.8 billion) drove this decrease, while Ontario’s non-residential sector (+$2.5 billion) helped offset some losses.
Residential construction intentions declined 15.0% to $21.7 billion in the second quarter. The multi-family component (-$3.0 billion) led this decline, with significant drops in Ontario (-$1.6 billion) and British Columbia (-$1.3 billion). The Toronto metropolitan area recorded its lowest constant dollar value since the series began in 2018.
Despite these quarterly declines, a total of 305,400 single-family and multi-family units were authorized for construction from the third quarter of 2024 to the second quarter of 2025, representing an increase of 37,900 units (+14.2%) compared to the same period a year earlier.
Non-residential construction intentions increased by $2.0 billion to a record high of $15.0 billion in the second quarter, driven by Ontario’s institutional component (+$1.4 billion). The national institutional component reached a quarterly series high of $5.6 billion, supported by hospital construction plans in the St. Catharines–Niagara and Red Deer metropolitan areas.
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