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.
- Relative to Q1 2020, the total value of building permits issued in Peel fell by 18.9 per cent in Q1 2021.
- The value of building permits issued in Mississauga increased, whereas there were declines in Brampton and Caledon.
- The values for both residential and non-residential building permits in Peel declined.
- Construction activities are expected to increase in 2021 as COVID-19 measures ease.
The total value of building permits issued in Peel in Q1 2021 was $728 million, a decline of 18.9 per cent, relative to the comparable period of 2020.
With COVID-19 restrictions in place, building permit approval activities were impacted and may have contributed to the decline.
Permits by Sub-Sector
The decline in the value of total building permits issued in Peel in Q1 2021 was a result of lower values of permits issued in both subsectors as follows:
- Residential: down 6.4 per cent to $396 million; and
- Non-residential: down by 30 per cent to $332 million.
Permits by Municipality
The total value of building permits issued in Q1 2021 decreased in the City of Brampton and the Town of Caledon and increased in the City of Mississauga.
The changes in Q1 2021 relative to Q1 2020 were as follows:
- City of Brampton: $303 million, down by 15.4 per cent;
- City of Mississauga: $356 million, up by 14.3 per cent; and
- Town of Caledon: $70 million, up by 69.4 per cent.
The successful mass vaccination program in Peel, along with the easing of restrictions, will create a more accommodative environment for increased construction, contributing to higher building permits values in upcoming quarters.