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Thomas StorringDirector – Economics and Statistics
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June 02, 2021
BUILDING PERMITS, APRIL 2021

With April reference month results, year-over-year (Apr 2021 vs Apr 2020) and year-to-date (Jan-Apr 21 vs Jan-Apr 20) are beginning to show the rebounds in economic activity from the unprecedented declines observed at the start of the COVID-19 pandemic.

Month over month (seasonally adjusted, Apr 2021 vs. Mar 2021)

Changes in monthly building permit values are typically very volatile, with large swings from one month to the next. Nova Scotia's total building permits (residential and non-residential) decreased 38.9% to $108.9 million. Halifax permits decreased 72.0% to $27.7 million. Outside the city, permit values increased 2.5% to $81.2 million. National permits decreased 0.5% to $11.11 billion. Building permit values were up in 4 of 10 provinces, led by New Brunswick and Saskatchewan. Nova Scotia and Prince Edward Island reported the largest declines.

Nova Scotia's residential building permits decreased 47.3% to $82.0 million. Halifax residential permits decreased 78.0% to $20.3 million. Outside the city, residential permit values decreased 2.7% to $61.8 million. National residential building permit values decreased 6.7% to $7.71 billion. Residential permit values were up in 4 of 10 provinces, led by New Brunswick and Alberta. Nova Scotia and British Columbia reported the largest declines.

Nova Scotia's non-residential building permits increased 18.8% to $26.8 million. Halifax permits increased 9.0% to $7.4 million. Outside the city, non-residential permit values increased 23.1% to $19.4 million. National non-residential building permit values increased 17.4% to $3.39 billion. Non-residential permit values were up in 6 of 10 provinces, led by Saskatchewan and Quebec. Newfoundland and Labrador and Manitoba reported the largest declines.


 

Year-to-date (Jan-Apr 2021 vs. Jan-Apr 2020)

Nova Scotia's total building permits (residential and non-residential) decreased 0.7% to $550.0 million. Halifax permits decreased 33.3% to $224.5 million. Outside the city, permit values increased 49.6% to $325.5 million. National permits increased 36.7% to $42.66 billion. Building permit values were up in 8 of 10 provinces, led by Prince Edward Island and Quebec. Newfoundland and Labrador and Nova Scotia reported declines.

Nova Scotia's residential building permits increased 15.1% to $435.7 million. Halifax residential permits decreased 18.3% to $192.5 million. Outside the city, residential permit values increased 70.2% to $243.2 million. National residential building permit values increased 51.1% to $30.08 billion. Residential permit values were up in all 10 provinces, led by Prince Edward Island and New Brunswick. Nova Scotia reported the smallest gain.

Nova Scotia's non-residential building permits decreased 34.9% to $114.3 million. Halifax permits decreased 68.3% to $32.0 million. Outside the city, non-residential permit values increased 10.1% to $82.3 million. National non-residential building permit values increased 11.3% to $12.58 billion. Non-residential permit values were up in 5 of 10 provinces, led by Prince Edward Island and Quebec. Newfoundland and Labrador and Nova Scotia reported the largest declines.

Overall building permit values in Nova Scotia were little changed from January-April 2020 to January-April 2021. This reflects a decline in Halifax permits from single-dwelling residential projects as well as commercial buildings, offset by gains outside the city, mostly in residential dwellings (both single and multi-unit).

Trends

Nova Scotia building permit values increased in 2019, mainly due to rising residential permits in Halifax.  Permit values trended down in late 2019 and the first half of 2020 but have been rising since then. There was a notable acceleration in building permit values towards the end of the year, particularly in residential projects across the province. There has been a downward trend in non-residential building permit values in Halifax in recent months.

Trends in residential permit values reflect the differences in housing markets for Halifax and the rest of the province.  Halifax residential permits were more concentrated in multi-unit dwellings in 2019.  Over the last two years, multi-unit building permits had declined in Halifax and rose in last months of 2020 while single dwelling unit permits increased slowly. Outside Halifax, single dwelling units make up the majority of building permit values, and these have been increasing sharply since the second half of 2020 (multi-unit permits outside Halifax were also up over this period).

Non-residential building permits have lower values than residential permits. Halifax non-residential building permits have been declining in recent months. Commercial projects generally account for the bulk of non-residential building permit values.  Commercial project permit values in Halifax have declined over the last half of 2020.  Commercial project building permit values have been declining outside Halifax since reaching a peak in mid-2019.  In recent months there has been a rise in institutional/government building permit values, particularly outside Halifax. 

Source: Statistics Canada. Table 34-10-0066-01 Building permits, by type of structure and type of work (x 1,000)