{"id":25114,"date":"2014-09-09T00:41:39","date_gmt":"2014-09-08T16:41:39","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=25114"},"modified":"2014-09-09T00:41:39","modified_gmt":"2014-09-08T16:41:39","slug":"building-permits-up-11-8-per-cent-in-july-reports-statistics-canada","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2014\/09\/09\/building-permits-up-11-8-per-cent-in-july-reports-statistics-canada\/","title":{"rendered":"Building permits up 11.8 per cent in July, reports Statistics Canada"},"content":{"rendered":"
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OTTAWA — Statistics Canada said Monday that municipalities issued building permits worth $9.2 billion dollars in July, up 11.8 per cent from June and topping expectations.<\/p>\n

The federal agency said it was the fourth month in a row that the value of building permits increased.<\/p>\n

Gains in building permits were posted in five provinces in July, led by Ontario, followed by British Columbia and Manitoba.<\/p>\n

Economists had expected a drop of 6.8 per cent, according to Thomson Reuters.<\/p>\n

“After two blistering months earlier this summer, the consensus view was that Canadian building permits were poised for a breather,” CIBC economist Nick Exarhos wrote in a note to clients.<\/p>\n

“However, underestimating the resiliency of the Canadian building sector is becoming a dangerous game for forecasters.”<\/p>\n

Statistics Canada said the increase in July resulted primarily in a boost in plans for multi-family buildings in Ontario and British Columbia, as well as institutional buildings in Manitoba.<\/p>\n

The value of non-residential building permits was up 5.2 per cent to a record high $4.2 billion in July, the fourth consecutive monthly gain.<\/p>\n

Meanwhile, the value of residential building permits was up 18.0 per cent to $5 billion in July, up for the fifth month in a row.<\/p>\n

The value of building permits for multi-family dwellings rose 43.4 per cent to $2.5 billion in July, after a 4.5 per cent drop the previous month, driven by apartment and condominium projects in Ontario, British Columbia and Alberta.<\/p>\n

Single-family homes totalled $2.4 billion in July, a decrease of 0.5 per cent, after three consecutive monthly increases.<\/p>\n

Statistics Canada said the value of permits was up in 21 of the 34 census metropolitan areas in July.<\/p>\n","protected":false},"excerpt":{"rendered":"

OTTAWA — Statistics Canada said Monday that municipalities issued building permits worth $9.2 billion dollars in July, up 11.8 per …<\/p>\n","protected":false},"author":44,"featured_media":25115,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1482,18,21],"tags":[],"class_list":["post-25114","post","type-post","status-publish","format-standard","has-post-thumbnail","category-breaking","category-news-ca","category-real-estate","mauthors-the-canadian-press"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/25114","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=25114"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/25114\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/25115"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=25114"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=25114"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=25114"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}