Canada's building permits continue to struggle for December 2016
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Transcript of Canada's building permits continue to struggle for December 2016
December 2016 Building Permits – Canada – Analysis
and CommentaryBy: Paul Young, CPA, CGA
Date: February 15, 2017
Agenda
• Building permits by year and Province
• Building Permits – Residential, Industrial and Commercial
• Analysis – Housing Starts, Construction Wages, Lumber Cost and Average Housing Prices
• Household Debt
• Infrastructure spending
• Comments – BNN – Building Permits
Building Permits by and by Province
Source – Stats Canada
December 2016 – Permits by Segment
Source – Stats Canada
Housing Starts / Canada
• Source – Stats Canada
Commentary• Average housing prices are up 5% from 2015 as compare to wages which grew less than 1%• Construction market was driven by residential permits in 2016
Household Debt
• Source – Stats Canada and CIBC
Infrastructure Spending/Canada
• Source - http://www.canadianmanufacturing.com/procurement/liberals-pushing-back-828m-in-planned-federal-infrastructure-spending-185171/
Canada building permits
Source - http://www.bnn.ca/canadian-building-permits-slide-6-6-in-december-1.666186