StatsCan reports $7.7 billion
in May building permits:
Third highest volume on record
Special to the Canadian Design and Construction Report
Canadian municipalities issued $7.7 billion worth of
building permits in May, up 8.9 per cent from April and the
third highest value on record, Statistics Canada reports.
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. Residential sector: Both multi-family and single-family
components report higher construction intentions
The value of residential building permits issued by
Canadian municipalities increased 10.8 per cent from April
to $5.0 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 per cent in May to
$2.3 billion, following a 6.9 per cent gain in April.
Construction intentions were up for every type of multi-
family dwelling, led by row houses. Meanwhile, the value
of single-family building permits rose 7.4 per cent to $2.7
billion in May, stemming mainly from single homes in
Ontario. 16 – Summer 2017 — The Canadian Design and Construction Report