| Canadian building permits on the rise |
Photo courtesy BigStockPhoto.com In April, the value of non-residential building permits increased by 32.2 per cent due to institutional and commercial construction intentions. The value of building permits rose 5.4 per cent to $6.7 billion across the country this past April—this represents a 48.2 per cent increase over the same time last year. As noted in Statistics Canada's The Daily, the non-residential sector values increased by 32.2 per cent, reaching $2.8 billion. This was due to construction intentions for institutional buildings in six provinces, and commercial permits in seven. The value of permits in the residential sector fell eight per cent from March to $3.9 billion, mainly due to the decline of single- and multi-family permits in British Columbia, Ontario, and Quebec. Other facts from the report include:
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