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Building activity on rise last year


Statistics Canada reports that the total value of building permits for 2014 across Canada rose 5.2% compared to 2013, to $85.1 billion. The increase applies to both the non-residential and residential sectors.

Residential buildings represent the largest portion of the permits, with an overall value in Canada for 2014 at $50.9 billion. This number is higher by 5.1% from the year before.

Non-residential building permits (commercial, institution, industrial, etc.) were worth $34.2 billion in total. They rose 5.4% in 2014 compared to 2013.

For the month of December 2014, Alberta and British Columbia posted the highest increases, but Ontario is still the most active overall. The total value of non-residential building permits issued that month, seasonally adjusted, showed Ontario with $949 million; Alberta with $792 million; Quebec with $433 million, and B.C. with $346 million.

The building permits survey represents 95% of Canada’s population living in 2,400 municipalities

The data on building permits excludes activity in water and sewage infrastructure and land engineering.  To see the Statistics Canada report, click here.

 


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1 Comment » for Building activity on rise last year
  1. cyus says:

    With a good management Canada was able to absorbed lots of forign investors. If Our governors be smart enough we can build all the infrastructures that are needed for our country from this movement of the wealth to Canada.
    Immigration has to be active again in business sector and with a pre-defined schedule and planning these investors money has to be invested in the provinces that there is not much development.

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