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