Skip to main content

Building permits unexpectedly fell in February amid fewer plans to construct multiple-unit dwellings.

Permits fell for the second month in a row, sliding 0.5 per cent to $5.7-billion in the month, Statistics Canada said Wednesday.

Economists had expected a 2.1-per-cent increase.

Story continues below advertisement

Cat:e528746c-3414-401a-b14b-50247e3bdf01Forum:2d13dc33-9921-4d4a-815f-e809277631e4

"Increases in permits for commercial buildings and single-family dwellings failed to offset a significant decline in multiple-dwelling construction intentions," the agency said.

Permits may have eased in February, but they are still 56.7 per cent higher than the same month last year, when they hit their lowest level during the economic slowdown.

Residential construction intentions fell 7.5 per cent, with a 52.5-per-cent drop in the value of multiple dwellings in Ontario largely responsible for the drop.

In the non-residential sector, permits rose 16 per cent.

Report an error Licensing Options
About the Author

Tavia Grant has worked at The Globe and Mail since early 2005, covering topics from employment and currency markets to trade, microfinance and Latin American economies. She previously worked for Bloomberg News in Toronto and Zurich, writing on mining, stocks, currencies and secret Swiss bank accounts. More

Comments

The Globe invites you to share your views. Please stay on topic and be respectful to everyone. For more information on our commenting policies and how our community-based moderation works, please read our Community Guidelines and our Terms and Conditions.

We’ve made some technical updates to our commenting software. If you are experiencing any issues posting comments, simply log out and log back in.

Discussion loading… ✨

Combined Shape Created with Sketch.

Combined Shape Created with Sketch.

Thank you!

You are now subscribed to the newsletter at

You can unsubscribe from this newsletter or Globe promotions at any time by clicking the link at the bottom of the newsletter, or by emailing us at privacy@globeandmail.com.