Residential building permits saw a small bump in September following a four-month slide, but numbers remain less than half of what they were in 2015.
According to new numbers from Statistics Canada, there were 108 residential building permits valued at approximately $28.65 million issued in the Oshawa census metropolitan area – which also includes Whitby and Clarington – in September. This is a rise in permits compared to August, when 86 were issued. However, the value of those permits is down, as August’s permits were valued at $29.9 million.
This marks a drop of more than 50 per cent in one year, with September 2015 seeing 213 building permits valued at approximately $80.74 million issued.
Across the country, residential building permits were up from both the month before and the same time last year. September saw 19,613 building permits valued at approximately $4.5 billion issued, up from 18,446 permits valued at approximately $4.26 billion issued. In September 2015, there were 18,280 building permits valued at about $3.98 billion issued.
According to Statistics Canada, the national increase was fueled by higher construction intentions for multi-family dwellings and gains in Ontario and Alberta.