The total value of Canada’s residential building permits rose for the third month in a row and the value of all construction permit hit highs in May not seen since 2005.
Residential sector permit values increased 4.2% to $4.6 billion in May. This advance followed a 21.6% gain in April. The gain in May was attributable to both single- and multi-family dwellings. The value of residential building permits was up in seven provinces led largely by Ontario, followed by Alberta and Nova Scotia. British Columbia posted the largest decline.In the non-residential sector, the value of building permits rose 5.0% to $2.8 billion in May. Quebec, Ontario and Manitoba were behind most of the growth at the national level. Declines were recorded in Alberta, New Brunswick and British Columbia.
Canadian municipalities authorized the construction of 20,048 new dwellings, 3.1% more than in April. The advance was attributable to both multi-family dwellings, which increased 3.5% to 13,649 units and single-family dwellings, which rose 2.3% to 6,399 units.
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