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Manitoba is poised to set an all-time annual record for building-permit values after non-residential construction permits soared 64 per cent in 2011, according to Statistics Canada. By November of last year the province posted the highest year-over-year increase in permit values in Canada.
The pace is being led, however, by government projects, StatsCan notes, which marked a triple-digit increase in permit values through the first 11 months of last year.
Manitoba municipalities issued $214 million worth of residential and non-residential permits during November. That was a 46.1 per cent improvement over November 2010’s total of $146.5 million, and up 17.4 per cent over October 2011’s $182.3 million.
It was also the fourth consecutive month of rising permit values for the province, and it boosted the permit total for the first 11 months of 2011 to just over $1.73 billion, only $20 million below the record of $1.75 billion set in 2010.
Non-residential values jumped 23.5 per cent from October to November and 63.9 per cent from November of 2010.
Residential-permit values were up 12.3 per cent from October to November and 32.9 per cent year-over-year.
On the non-residential side, a 486 per cent jump in permit values for institutional projects was partially offset by an 87.5 per cent drop for industrial projects and essentially no change in commercial-permit values.
from Western Investor February 2012