Statistics Canada reports that building permits were up $1.1 billion in August to $13.6 billion, driven by the strength of the residential sector. Construction intentions in the homebuilding sector increased $1.1 billion to $8.5 billion for the month.
Permits for multi-tenant buildings also experienced growth, coming in at $5.8 billion, while the total value of permits for single-family homes was down to $2.6 billion. The value of non-residential building permits crept lower by $29.8 million to $5.1 billion.
Commercial construction plans were down $380 million to $2.2 billion, while the industrial sector experienced gains of $317.3 million, totalling $1.1 billion. Institutional building rose $32.9 million to $1.8 billion.
