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CORRECTED-(OFFICIAL)-Value of Canada building permits jump 17.0% in Sept from Aug

Published 2020-10-29, 09:10 a/m
© Reuters.

(Corrects to say the rise was the biggest since May)

OTTAWA, Oct 29 (Reuters) - The value of Canadian building permits rose by 17.0% in September from August, the biggest monthly increase since May, Statistics Canada said on Thursday.

Some municipalities reported that builders began to submit applications earlier as a precaution against potential shutdowns related to the coronavirus pandemic, StatsCan said.

The residential sector saw higher intentions for both the single-family and multi-family components, while all three non-residential components also increased. The value of building permits were up in six provinces, with Ontario recording the largest increase.

Month on month (%)

Sep Aug(rev) Aug(prev) Total

+17.0

+1.4

+1.7 Residential

+6.9

+7.4

+7.1 Nonresidential +40.6 -10.3

-8.6

NOTE: All figures are seasonally adjusted.

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