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Contractors have asked for 5,2 billion dollars of building permits in June

Contractors have asked for 5,2 billion dollars of building permits in June

The value of the building permits has increased by 1,0% in June of 2009 in Canada, compared to May, for an amount of 5,2 billion dollars, according to Statistics Canada. The progression is explained by rises coming from residential and non-residential building intentions.

In the non-residential sector, the value of the building permits has increased by 1,5% to reach 2,5 billion dollars, after having known a rise of 20% in May.

The residential sector knew an increase in the value of its permits for a fourth consecutive month last June. A timid rise nevertheless of 0,5% in June on the level of the building intentions, materializing itself in a value of 2,7 billion dollars. Half of the provinces and Quebec at the head posted a rise.

“The national increase is ascribable to the rises recorded in seven provinces. The strongest progressions were posted in British-Colombia and in Quebec, thanks to rises in all the components of the residential sector as well as the non-residential sector”, Statistics Canada lets us know.

One can obtain more details for the various provinces and in all the segments of construction by visiting the Statistics Canada Website.

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Québec Landlords Association (1)

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