- The total value of building permits issued in January – June 2019 was a record high of $2.21 billion up from $1.69 billion in January – June 2018.
- There was an increase of 30.6 per cent, the strongest in any January - June period in five years.
- The increase in the value of building permits (building intentions) observed suggests positive building activities in Peel in upcoming periods.
A January - June record high of $2.21 billion was observed in the total value of building permits issued (building intentions) in Peel Region in 2019, up 30.6 per cent.
The 30.6 per cent increase relative to January – June 2018 was the strongest in any similar half year period in five years.
Permits by Sub-Sector
An increase of 55.2 per cent (to $0.78 billion) in the total value of non-residential building permits issued led growth in the January – June 2019.
The total value of residential building permits increased by 20.3 per cent to $1.44 billion to remain the larger sub-sector.
Permits by Municipality
A two-fold increase in building permits in the City of Brampton was the source of the increase in the total value of building permits issued in Peel in January – June 2019.
The changes by local municipalities were as follows:
- City of Brampton: up 117.4 per cent to $1.01 billion;
- City of Mississauga: down 1.5 per cent to $1.04 billion; and
- Town of Caledon: down 7.2 per cent to $159.27 million.
With the more than doubling of building permits in the City of Brampton and declines in the remaining two municipalities, the municipal shares of the total building permits issued shifted significantly between the first half of 2018 and 2019 as shown below:
- City of Brampton: up 18.3 percentage points to 45.8 per cent;
- City of Mississauga: down 15.4 percentage points to 47.0 per cent; and
- The Town of Caledon: down 2.9 percentage points to 7.2 per cent.