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Winnipeg Free Press - PRINT EDITION

August building permits drop 4.5 per cent

By: Staff Writer

Posted: 10/6/2012 1:00 AM | Comments: 0

MANITOBA was one of four provinces to report a drop in building permit activity in August, new Statistics Canada figures show.

The agency said Friday Manitoba municipalities issued $177.6 million worth of permits during the month. That was a drop of 4.5 per cent from the previous month, when $186 million worth of permits were issued.

However, it was still a 25.3 per cent improvement from a year earlier, when the permit total was only $141.7 million. Manitoba's year-to-date permit total was running 33.4 per cent above the total for the first eight months of 2011 -- $1.55 billion versus $1.16 billion.

August's month-over-month decline was concentrated on the residential side of the construction industry, where permit values fell 13 per cent to $112.2 million. The biggest decline was in permits for multi-family residential projects -- apartment or condominium complexes and row-housing units. The total there was off 20.9 per cent versus a 9.6 decline for single-family permits.

The non-residential side of the industry saw permit values rise 14.5 per cent to $65.4 million.

Nationally, Statistics Canada said the value of building permits issued in August rose 7.9 per cent to $7.3 billion after a 2.8 per cent drop in July.

The agency said the August increase was due to a 25.2 per cent rise in permits in the non-residential sector with a value of $3.2 billion. This offset a 2.3 per cent drop in residential permits, to $4.2 billion.

-- staff / The Canadian Press

Republished from the Winnipeg Free Press print edition October 6, 2012 B9

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