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Alexander Chute Economist
Tel: 902-424-5810Email: Alexander.Chute@novascotia.ca

January 09, 2014
BUILDING PERMITS NOVEMBER 2013

In Nova Scotia, the value of building permits issued decreased 20.7 percent in November 2013 from October 2013. The total value of building permits in November 2013 was $72.5 million (seasonally adjusted), 33.5 percent lower than November of last year. The value of residential permits were down 5.5 percent compared to October 2013 and down 20.6 percent compared to November 2012. Non-residential permits were down 45.2 percent compared to October 2013 and down 54.3 percent compared to November 2012.

On average over the eleven months of 2013 compared to the first eleven months of last year, total value of building permits are down 23.1 percent (-$339.2 million). Year-to-date, residential permits fell 17.2 percent (-$157.2 million) and non-residential permits are down 32.7 percent (-$182.0 million). On a year-to-date basis, permit values are down for single (-24.7%) and apartments (-31.9%). On a year-to-date basis, the value of building permits for all three non-residential components are down: Industrial (-23.9%), Commercial (-31.7%), and Institutional and governmental (-39.9%).



In Canada, building permits decreased 6.7 percent in November over October to $6.8 billion (seasonally adjusted); 5.4 percent higher than November 2012. In November 2013, residential permits were down 7.6 percent from the previous month and 9.9 percent higher than the previous year. Non-residential permits were down 5.2 percent compared to October 2013 and 0.9 percent lower than November 2012.

In Canada, over the first eleven months of 2013 compared to the first eleven months of last year, the total value of building permits are down 1.1 percent (-$802.7 million) with a decline in residential permits of 1.1 percent (-$493.8 million) and in non-residential permits of 1.0 percent (-$308.9 million).



Sources: Residential Permits, CANSIM 026-0006; Non-residential Permits, CANSIM 026-0005
Statistics Canada Cat. No. 64-001-X

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