The value of residential building permits issued by Canadian municipalities fell 2.5 percent in April to C$4.5 billion (US$3.3 billion), marking a third consecutive monthly decrease. Lower construction intentions for single-family dwellings more than offset a moderate gain in the multi-family component. In April, three provinces posted declines in the residential sector, led by Ontario.
Construction intentions for single-family dwellings fell 8.1 percent in April to C$2.5 billion (US$1.8 billion). The decrease stemmed primarily from single-detached homes in Ontario, specifically the Toronto census metropolitan area (CMA), while five other provinces also reported declines in the single-family building component.
Conversely, multi-family dwelling construction intentions rose 5.6 percent in April to just under C$2 billion (US$1.5 billion), largely due to gains in seven provinces, led by British