Source: Statistics Canada
The total value of building permits was up strongly in April as construction intentions rose in all provinces and in both the residential and non-residential sectors.
Contractors took out $6.4 billion worth of permits in April, up 14.5% from March and the highest level since October 2007.
In the residential sector, the value of building permits increased 13.4% to $4.0 billion, the highest value in six months. The increase was generated by a strong gain in the value of multi-family permits.
In the non-residential sector, the value of permits advanced 16.5% to $2.4 billion, due to strong commercial intentions.
Despite the fact that permits increased in …
Canadian Construction Permits Up in April
Source: Statistics Canada
The total value of building permits was up strongly in April as construction intentions rose in all provinces and in both the residential and non-residential sectors.
Contractors took out $6.4 billion worth of permits in April, up 14.5% from March and the highest level since October 2007.
In the residential sector, the value of building permits increased 13.4% to $4.0 billion, the highest value in six months. The increase was generated by a strong gain in the value of multi-family permits.
In the non-residential sector, the value of permits advanced 16.5% to $2.4 billion, due to strong commercial intentions.
Despite the fact that permits increased in …
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