Construction permits are good indicator of the health of an economy as it reflects business and personal investment into property. Investment property is deemed a long-term investment as such if you see less commercial and industrial activity then that means business are hesitant to expand their operations in Canada.

1. CONSTRUCTION – BUILDING
PERMITS – CANADA –
MONTH OF FEBRUARY 2017
BY: PAUL YOUNG CPA, CGA
APRIL 6, 2017

2. AUTHOR / BIO
Septe
mber
9,
2014
• Paul Young, CPA, CGA
•SME – Financial Performance Management (TM1, Cognos Controller and
Cognos Disclosure Management, OpenPages, Algorithmics, Cognos Integrated
Server, Cognos Command Center and Datawatch)
•Industry Experience
•15+ years in Corporate Reporting, Budget & Forecasting, Costing,
Business Process Management, Internal Audit and Controls, Risk
Management, Financial Analysis, Costing
•11+ years in financial solutions (FOPM, FPM, Risk, Office of the Finance,
Risk Management)
•8+ years teaching Advance Finance, Advance Accounting, Public Finance
and Advance Management Information Systems
•Blogger in areas like Finance Analysis, Government policies, market
segment

3. AGENDA
• Housing Affordability / Canada
• Systemic issues facing Real estate
• Housing Prices – GTA/Toronto
• Housing Prices – Major Metropolitan Area / Canada
• Building Permits by Year

4. SYSTEMIC ISSUES WITH REAL ESTATE
• Availability of Land
• Transit/Transportation Systems
• Wage growth
• Job opportunities
• Property Taxes
• Building Permits
• Material
• Proper market value assessments
• Strap budgets (carbon taxes, user-fees, payroll
tax hikes, etc.)
• Brown sites/cleanup
• Rural vs Big Cities
• Hydro Rates

5. HOUSING AFFORDABILITY
Globe and Mail – March 28, 2017

6. AVERAGE HOUSE PRICE
CBC – April 5, 2017

7. AVERAGE HOUSING PRICE BY MAJOR MARKET
Globe and Mail – March 14, 2017

8. BUILDING PERMITS / CANADA
Stats Canada – April 6, 2017
Canadian municipalities issued
$7.5 billion worth of building permits
in February, down 2.5% from January.
Ontario and Alberta led the five
provinces that reported declines in
February. The national decrease was
mainly the result of lower
construction intentions for single-
family dwellings and institutional
structures.

9. BUILDING PERMITS / CANADA
Stats Canada – April 6, 2017
Canadian municipalities issued
$7.5 billion worth of building permits
in February, down 2.5% from January.
Ontario and Alberta led the five
provinces that reported declines in
February. The national decrease was
mainly the result of lower
construction intentions for single-
family dwellings and institutional
structures.

10. BUILDING PERMITS / CANADA
Stats Canada – April 6, 2017
• Only one province
shows gain in industrial
building permits and
that is Saskatchewan
• Manitoba and Quebec
are showing
commercial building
including office tower
• Ontario and BC have
the fastest growing
economies in Canada,
but are seeing
decreases in
commercial and
industrial permits

11. BUILDING PERMITS / CANADA
Stats Canada – April 6, 2017
• Municipalities issued $2.4 billion worth of building
permits for non-residential structures in February, down
4.5%from January. Five provinces registered decreases,
led by Alberta and followed by Ontario and British
Columbia. Nationally, the institutional component
contributed the most to the decline.
• The institutional component decreased 16.2% to $609
million in February, mainly due to lower construction
intentions for government buildings and elementary
schools. Alberta and Quebec posted the largest declines
among the provinces and territories. A hospital
revitalization project in the Northwest Territories
moderated the drop in the national value of institutional
building permits in February.
• In February, the value of building permits issued for
industrial structures fell 2.7% to $395 million, following a
9.9% increase in the previous month. Higher
construction intentions for utility buildings in
Saskatchewan and Ontario could not offset the
widespread decreases reported across several types of
industrial buildings in multiple provinces.
• The commercial component rose 1.0% to $1.4 billion in
February, marking a second consecutive monthly
increase.
• The gain was mainly attributable to higher construction
intentions for office buildings in Quebec and Manitoba.