Building Permit Values
Building permit values measures the total value of residential construction projects.
City of Winnipeg, Planning Property and Development Statistics
The most recent data for this indicator was made available in 2017. This data is updated annually as it becomes available.
Rationale and Connections
According to Statistics Canada: Building permit data are widely used as a leading indicator for the construction industry since the issuance of a building permit is one of the first steps in the construction process. Statistics on building permits are essential for the computation of residential capital expenditures and inputs for the quarterly and annual estimates of net capital stock and depreciation by component. They are also a major input in the computation of the investment in non-residential building construction on a sub-annual basis. In addition, the results of this survey are used by CMHC (Canada Mortgage and Housing Corporation) as a reference base for conducting a monthly survey of housing starts and completions in accordance with its mandate. The statistics are used by a wide range of economists, construction industry analysts, housing market analysts and economic development officers across Canada.
Measurement and Limitations
This data is collected directly from municipalities – no sampling is done.
Statistics Canada. 2015. Building Permits Survey: http://www23.statcan.gc.ca/imdb/p2SV.pl?Function=getSurvey&SDDS=2802&lang=en&db=imdb&adm=8&dis=2
Building Permit Values
Building Permit Values Sustainable Development Goals
8. Promote inclusive and sustainable economic growth, employment and decent work for all
Roughly half the world’s population still lives on the equivalent of about US$2 a day. And in too many places, having a job doesn’t guarantee the ability to escape from poverty. This slow and uneven progress requires us to rethink and retool our economic and social policies aimed at eradicating poverty.
A continued lack of decent work opportunities, insufficient investments and under-consumption lead to an erosion of the basic social contract underlying democratic societies: that all must share in progress. . The creation of quality jobs will remain a major challenge for almost all economies well beyond 2015.
Sustainable economic growth will require societies to create the conditions that allow people to have quality jobs that stimulate the economy while not harming the environment. Job opportunities and decent working conditions are also required for the whole working age population.