- The total value of building permits issued in January – September 2019 was $3.13 billion, the highest in four years.
- Higher value of total building permits (building intentions) occurred throughout 2019 and suggest that building activities in Peel will remain positive in upcoming periods.
At $3.13 billion, the total value of building permits issued in Peel in January – September 2019 was 32.3 per cent higher than the amount recorded in the same period in 2018.
It was also the highest value recorded for a January – September period since 2015.
Permits by Sub-Sector
The increase in the total value of building permits issued in Peel in January – September 2019 was the result of growth in both the residential and non-residential sub-sectors.
The total value of residential building permits increased by 27.8 per cent to $1.90 billion, the highest in four years.
At $1.22 billion, the total value of non-residential building permits increased year-over-year by 39.8 per cent to establish a new record high.
Permits by Municipality
The City of Brampton led growth, more than doubling its total value of building permits issued in January – September 2019.
The changes relative to January – September 2018 by local municipalities were as follows:
- City of Brampton: $1.48 billion, up 130.5 per cent;
- Town of Caledon: $271.06 million, up 13.2 per cent; and
- City of Mississauga: $1.38 billion, down 6.9 per cent.
Differing performances among Peel’s municipalities resulted in significant shifts in the municipal shares of the total building permits issued between the first nine months of 2018 and 2019, as follows:
- City of Brampton: up 20.1 percentage points to 47.1 per cent;
- City of Mississauga: down 18.6 percentage points to 44.2 per cent; and
- The Town of Caledon: down 1.5 percentage points to 8.7 per cent.