Building permit values declined by just under 4% in November, with nearly every building type reporting contractions over the month previous.

Permit values reached $10.9 billion in November.

Despite eight provinces with monthly gains in residential construction permits, the total value of residential permits declined 2.8% overall to $7.0 billion in November. This was due to large losses in both British Columbia (-19.4%; -$249.3 million) and Quebec (-17.3%; -$231.0 million), and in those provinces’ multi-unit sectors in particular.

The Atlantic provinces collectively increased 30.0% in residential permit values to $421.8 million in November, the highest monthly value for the region in the first 11 months of 2023. Meanwhile, the Prairie provinces ($1.4 billion) posted their highest monthly level in the first 11 months of 2023, up 9.8% from October. The territories increased 10.6% to $7.4 million, while Ontario edged up 2.1% to $3.0 billion.

Meanwhile, the total monthly value of non-residential building permits decreased 5.8% from October to $3.9 billion in November. All three non-residential components declined, with the commercial component decreasing for the third consecutive month, down 3.5% from October.

Permit values in the commercial component have been trending down since the record high of $2.9 billion in March 2023. Year over year, the $1.7 billion value of commercial permits issued in November 2023 was 16.2% less than November 2022 levels.

On a constant dollar basis, commercial construction intentions were down 18.2% year over year in November, while the overall value of non-residential permits declined 10.1%.