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Dashboard of Economic Indicators

Building Permits

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Data source – STATSCAN

  • During the first half of 2017, building intentions in Peel, as measured by the total value of building permits issued, increased when compared with the similar quarter in 2016.
  • The total value of building permits issued during the half year period was $1.51 billion, up by 11.7 per cent when compared with the $1.35 billion registered in the second quarter of 2016.
  • The increase observed in January – June 2017 contrasts with the decline (-26.3 per cent) observed in the first half of 2016.
  • In the two previous years (2014 and 2015), updates of Development Charges By-Laws resulted in adjustments in the timing of building permits by developers and this in turn underpinned significant year over years swings in the changes in the value of building permits issued.
  • The absence of such policy changes in 2016 ushered in a return to more normal year-over-year changes as observed in the first half of 2017.
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Data source – STATSCAN
  • Non-residential building permit was the sole contributor to the increase in the total value of building permits issued in Peel in January – June 2017.
  • When compared with the first six months of 2016, the total value of non-residential building permit increased by 41.2 per cent to $632.02 million, up from $447.73 million recorded in the 2016.
  • The relatively strong increase in the value of non-residential building permits issued in January – June 2017 was as the result of broad-based increases across all three non-residential building permits sub-categories as follows:
    • Commercial: up by 57.9 per cent to $444.14 million;
    • Industrial: up by 15.4 per cent to $117.72 million; and
    • Institutional: up by 8.7 per cent to $70.17 million.

  • The total value of residential building permit issued during the same six month period was $875.05 million, down 2.9 per cent from $900.92 million recorded in the second quarter 2016.
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Data source – STATSCAN
  • Viewed by municipalities, the City of Mississauga was the sole municipality to influence the growth observed in the total value of building permits issued in Peel during the January – June 2017.
  • The total value of building permit issued in the City of Mississauga in January - June 2017 was $633.29 million, up by 74.31 per cent from $363.31 million recorded in January - June 2016.
  • Both the residential and non-residential sub-categories contributed to the growth observed as follows:
    • Residential: up by 56.6 per cent to $222.43 million; and
    • Non-residential: up by 85.7 per cent to $410.86 million.

  • Over the same period, the total value of building permits issued in the City of Brampton and the Town of Caledon declined as follows:
    • City of Brampton: The total value of building permits issued in the January – June 2017 declined by 9.8 per cent from to $812.41 million in January – June 2017. This was influenced by lower values of building permit issued in both residential and non-residential sub-categories. The value of total residential building permits declined by 16.5 per cent to $598.97 million, while the total value of non-residential declined by 16.6 per cent to $213.44 million.
    • Town of Caledon: In the first half of 2017, there was a 27.5 per cent decrease in the total value of building permits issued in the Town of Caledon, moving from $84.65 million in the second quarter 2016 to $61.37 million. The decline concentrated in the non-residential sub-categories where the value of building permits issued went down from $43.48 million in January – June 2016 to $7.73 million in January – June 2017. The total value of residential building permits increased by 30.3 per cent during the same period to $53.6 million.