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This article was published 7/8/2014 (634 days ago), so information in it may no longer be current.
Manitoba had the dubious distinction of posting the biggest drop in building permit activity in the country in June, new Statistics Canada data shows.
The federal agency said Manitoba contractors took out only $207.4 million worth of residential and non-residential permits during the month. That was a 46.7 per cent drop from the previous month, when $389.2 million worth of permits were issued by municipalities in the province.
The big decline came on the heels of a 39.3 per cent jump from April to May in the value of permits issued.
June’s slowdown was felt on both sides of the industry. Hardest hit was the non-residential sector, where permit values plummeted by 60 per cent to a $88.3 million from $219 million in May. Residential permit values fell 30.1 per cent to $119.1 million from $170.2 million.
Nationally, Statistics Canada said municipalities issued $8 billion worth of permits during the month, which was a 13.5 per cent improvement from May.
A total of five provinces posted gains in June, led by Quebec, with an 86.3 per cent increase. Alberta was a distant second, with a 13 per cent improvement.
Statistics Canada said the value of non-residential building permits jumped by 32.5 per cent to $3.8 billion in June, the third consecutive monthly gain.
The value of residential permits rose by only 0.4 per cent to $4.2 billion. It was the fourth consecutive monthly increase on the residential side.