Canadian municipalities issued C$7.7 billion (US$5.9 billion) worth of building permits in May, up 8.9 percent from April and the third highest value on record. The national increase was mainly the result of higher construction intentions for residential buildings, particularly in Ontario. Seven provinces registered gains in the total value of building permits in May, and every building component increased except institutional structures.
The value of residential building permits issued by Canadian municipalities increased 10.8 percent from April to C$5 billion (US$3.9 billion) in May. Six provinces registered gains in the month, with Ontario reporting the largest increase, followed distantly by Alberta and British Columbia.
The multi-family component rose 15 percent in May to C$2.3 billion (US$1.8 billion), following a 6.9 percent gain in April. Construction intentions