Canada’s non-residential building permits grew by 12.3pc to C$3.3bn ($2.6bn) in February this year compared to February 2020 and increased by 14.2pc compared to the previous month, according to Statistics Canada (StatCan).
The country’s building permits issued for residential construction increased by 25pc to C$6.8bn from the same month last year but dropped by 2.9pc in February on a monthly basis.
Under the non-residential sector, industrial permits in February increased by 10.4pc on an annual basis and rose by 1.9pc to C$543.9mn from January. Commercial building permits declined by 2.9pc from February last year but surged by 11.4pc to C$1.7bn from January. Permits for institutional buildings went up by 53.5pc in February from the same month in 2020 and increased by 27.9pc to C$1.03bn on a monthly basis, StatCan reported.
Single-family dwellings in the residential sector increased by 37.6pc to C$3.4bn in February compared to February 2020 and declined by 1pc from the previous month. Multi-family dwellings rose by 14pc to C$3.3bn in February compared to the same month last year and dropped by 4.9pc from January.
($1=C$1.25)