September 12, 2025•
12:20 pm•
Economic News
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The overall floor plan hides the obvious gap between residential and non-residential activities. Non-residential permits fell by $279.2 million to $4.6 billion, with weaker industries ($252.9 million) and institutions (-$190 million) lower activity. These declines were partially increased by $169.7 million by commercial projects.
Meanwhile, residential permits rose by $268.3 million to $7.3 billion. Single-family licenses rose by $143.5 million to $2.6 billion, while multi-unit intentions rose by $124.8 million to $4.7 billion. In July, the municipality approved a total of 20,000 multi-unit homes and 4,100 single-family homes, an increase of 1.9% from the previous month.
Ontario’s leader, Quebec pulls back
Ontario is a clear driver of residential growth, adding nearly $500 million in new housing intentions in July. Most of this comes from the Toronto area, with a waste of $329.5 million in multiple units of permits alone. Alberta also contributed to single-family and multi-family home revenue, with permits increasing by $35.2 million and $84.7 million, respectively.
On the downside, Quebec’s multi-unit activity fell by $160 million, while Nova Scotia (-$57.2 million) and New Brunswick ($55 million) also weighed on the national total. Quebec, Manitoba and British Columbia also reported modest callbacks allowed by single households.
On a constant basis, the total licensing value from June fell 0.3%, down 8.2% year-on-year. Statistics Canada will release August’s building permit figures on October 14.
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Last modified: September 12, 2025
