Total Value of Construction and Number of Building Permits in

INDICATOR TITLE (SHORT)
Building Activity
INDICATOR TITLE (FULL)
Total Value of Construction and Number of Building Permits in Chatham-Kent
DESIRED
TREND
CURRENT
TREND
Total Value of Construction and Number of
Building Permits in Chatham-Kent, 2010-2015
Value of construction
Building permits
$300,000,000
1600
1200
$200,000,000
1000
800
$150,000,000
Building Permits (#)
Value of Construction ($)
1400
$250,000,000
600
$100,000,000
400
$50,000,000
200
2010
2011
2012
2013
2014
2015
CURRENT TREND
Building permits (residential, agricultural, industrial, commercial, and institutional) in CK
decreased in value by 27.0% from $168,950,536 in 2014 to 123,416,435 in 2015. The
number of building permits increased 5.7% from 1,016 in 2014 to 1,074 in 2015. From
2010 to 2015, the total value of construction and the number of building permits has
decreased by18% and 21%, respectively.
To learn more about how you can make a difference, go to: www.chatham-kent.ca/CKPlan-2035
November 18, 2016
DESIRED TREND
Increase the value of construction occurring and number of building permits in
Chatham-Kent.
WHY IS THIS IMPORTANT TO CREATING AN ECONOMIC PROSPEROUS
COMMUNITY?
Building permit data is 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. Tracking the value of construction occurring and the number of permits
allocated provides information on trends related to investments in Chatham-Kent.
Growing economies will show an increase in the trend line as consumers’ invest when
they view the community in a growth mode and multiple factors related to their finances.
This indicator is used by a wide range of economists, construction industry analysts,
housing market analysts and economic development officers across Canada.
1. Statistics Canada, Building Permits Survey:
http://www23.statcan.gc.ca/imdb/p2SV.pl?Function=getSurvey&SDDS=2802
2. Building Community prosperity through local economic Development (2014).
Https://Www.Fcm.Ca/Documents/Tools/International/Building_Community_Prosp
erity_Through_Local_Economic_Development_EN.Pdf
WHAT IS THE INDICATOR?
Detailed definition
Data source
Years available
Updated
Geographies
available
Stratification
Total Value of Construction and Number of Building Permits in
Chatham-Kent
Municipality of Chatham-Kent, Building Departments
2002
Monthly
No
N/A
INDICATOR LIMITATIONS



Individuals not obtaining Building Permits when required
Individuals not being truthful with the value of construction
Individuals living on Indian Reserves and Crown lands
To learn more about how you can make a difference, go to: www.chatham-kent.ca/CKPlan-2035
November 18, 2016