Canadian municipalities issued $8.4 billion in building permits in January, up 5.6% following a 2.5% rise in December. The value of permits for three components rose, while industrial buildings (-18.6%) and single-family dwellings (-1.3%) declined. The January increase was largely due to higher construction intentions for multi-family dwellings in Ontario

1. BUILDING
PERMITS –
CANADA –
JANUARY 2018
BY: PAUL YOUNG CPA, CGA
DATE: FEBRUARY 7 2018

2. SUMMARY
• Canadian municipalities issued $8.4 billion in building permits in January, up 5.6%
following a 2.5% rise in December. The value of permits for three components rose,
while industrial buildings (-18.6%) and single-family dwellings (-1.3%) declined. The
January increase was largely due to higher construction intentions for multi-family
dwellings in Ontario

3. PAUL YOUNG - BIO
• CPA, CGA
• Academia (PF1, FA4 and MS2)
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Financial Solutions
• SME – Supply Chain Management
Contact information:
Paul_Young_CGA@Hotmail.com

4. AGENDA
• Building permits value by month
• Residential vs Non-residential permits
• Building permits by province and area
• GDP and Permits
• Infrastructure spending

5. BUILDING PERMITS BY MONTH
Source - http://www.statcan.gc.ca/daily-quotidien/180308/dq180308a-eng.htm

6. BUILDING PERMITS BY MONTH
Source - http://www.statcan.gc.ca/daily-quotidien/180308/dq180308a-eng.htm

7. BUILDING PERMITS BY SECTOR
Source - http://www.statcan.gc.ca/daily-quotidien/180308/dq180308a-eng.htm

8. GDP AND PERMITS
Source – Stats Canada
• FDI is at 8 year low -
http://business.financialpost.com/news/eco
nomy/foreign-direct-investment-in-
canada-plunges-on-oil-exodus-1
• Commercial and Instructional areas are
leading the non-residential permits for
January 2018
• Only AB seen a rise in Industrial Permits
for the month of January 2018

9. INFRASTRUCTURE SPENDING
Source - https://www.thestar.com/news/canada/2017/11/13/federal-government-delays-214-
billion-in-infrastructure-spending.html
OTTAWA — The federal government failed to spend $2.14 billion that was earmarked last year to rebuild roads,
bridges and other large-scale projects aimed at helping people in their day-to-day lives, newly released documents
show.
The recent department report shows spending from Infrastructure Canada was about 40 per cent lower than the
$5.3 billion that had been planned for the last fiscal year, which ended March 31, 2017.
The largest chunk of the spending shortfall was $1.48 billion that didn’t get spent on various large-scale projects,
representing about 90 per cent of what the government expected to spend on things like new transit and water
systems, two key areas of focus on the Liberal agenda.

10. CANADIAN CONSTRUCTION ASSOCIATION
Source - https://www.on-sitemag.com/features/government-spending-infrastructure-slowly-making-way-pipe/
he 2016 budget announced more than $120 billion in infrastructure investments over 10 years.
This included $60 billion in new funding for public transit, green and social infrastructure. The
2017 budget upped the federal commitment to more than $180 billion and realigned this over 12
years. Under the previous Conservative government, Build Canada poured money into an array
of projects. The intent was to stimulate the economy, and the projects were largely ‘shovel-
ready’ sewers, roads and bridges.
However, while economic conditions have improved somewhat, the Liberal government’s
Investing in Canada Plan seems more gradually paced rather than opening any kind of
floodgate. The Liberal plan was split into two phases. The first, announced in Budget 2016,
included investments of more than $11 billion in public transit, green, and social infrastructure.
The delivery of funds was a shared responsibility across multiple departments, with
Infrastructure Canada the lead department for funding that focused on the rehabilitation and
recapitalization of existing infrastructure such as sewer, water, and public transit projects.

11. FISCAL MONITOR - YTD OCTOBER 2017
Source - https://www.fin.gc.ca/fiscmon-revfin/2017-10-eng.asp
1. Money has been slow to flow
to municipal and provincial
governments
2. Government Canada has not
completely set up the
infrastructure bank-
http://www.newswire.ca/news-
releases/canada-
infrastructure-bank-chair-
welcomes-inaugural-board-
members-658004143.html
3. Government seems to be
playing games with
infrastructure moneys due to
fact that GDP grew 3% in
2017, but is schedule to
decline to 2.2% in 2018 -
http://www.gbm.scotiabank.co
m/English/bns_econ/forecast.p
df