Hey there, time traveller!
This article was published 10/1/2013 (1294 days ago), so information in it may no longer be current.
Manitoba posted the second largest increase in building-permit activity in the country in November, Statistics Canada said today.
The agency said Manitoba municipalities issued $326.2-million worth of permits during the month. That was an increase of 28 per cent from October’s total of $254.8 million, second only to Prince Edward Island’s 42.6 per cent improvement.
The increase in construction intentions here was broadly based, with both the residential and non-residential sides of the industry showing gains. Residential permit values jumped by 48.8 per cent to $175 million, while non-residential permit values were up 10.2 per cent to $151.1 million.
Manitoba also had the largest year-over-year jump in permit activity, at 59.8 per cent. Statistics Canada said $204.1 million worth of permits were issued in November 2011.
Manitoba was one of only three provinces to see a month-to-month increase in permit activity. Ontario had the largest decline, followed by Quebec and Saskatchewan.
Nationally, $6.2-billion worth of permits were issued during the month, which was a drop of 17.9 per cent from October and the lowest monthly total since January 2012. It followed a 15.9 per cent increase in October.
Analysts had been expecting a smaller month-to-month decline of 7.6 per cent. Statistics Canada attributed the November drop to reduced construction intentions in both the non-residential and residential sectors in Ontario.
Nationally, construction intentions in the non-residential sector fell 30.6 per cent to $2.4 billion, while the value of residential permits declined 6.8 per cent to $3.8 billion.
— with files by Canadian Press