A building permit is an official approval issued by a local municipality that allows for the construction or alteration of a building on a property.
- The total value of building permits issued in Peel in January – June 2020 was $1.47 billion, down from $2.21 billion recorded in the first half of 2019.
- The values of both residential and non-residential building permits declined, reflecting the impact of COVID-19 response measures on building intentions in the first half of 2020.
The total value of building permits issued in January - June 2020 was $1.47 billion, a decline of 33.2 per cent when compared with the total issued in January – June 2019.
Permits by Sub-Sector
The total value of building permits issued in Peel in the first half of 2020 fell as COVID-19 response measures were put in place. There were lower permit values in both sub-sectors as follows:
- Residential: down 44.3 per cent to $797.9 million, the lowest in six years; and
- Non-residential: down 12.9 per cent to $675.4 million.
Permits by Municipality
The total value of building permits issued between January and June 2020 decreased in the Cities of Mississauga and Brampton and increased in the Town of Caledon.
The increase in commercial building intentions in Caledon in Q1 2020 contributed to the overall increase in the value of building permits between January – June 2020.
The changes relative to January - June 2019, were as follows:
- City of Brampton: down by 34.3 per cent to $665.5 million;
- Town of Caledon: up by 82.9 per cent to $291.0 million.
- City of Mississauga: down by 50.0 per cent to $516.7 million.
Differing performances among Peel’s municipalities resulted in significant shifts in the municipal shares of the total building permits issued between January – June 2019 and January – June 2020, as follows:
- City of Brampton: down 0.7 percentage points to 45.2 per cent;
- City of Mississauga: down 11.8 percentage points to 35.1 per cent; and
- The Town of Caledon: up 12.6 percentage points to 19.8 per cent.
In addition to the impact of COVID-19 response measures, building intentions in Mississauga tend to show wide fluctuations, given that the city is fully built, and therefore building projects tend to be large and uneven.