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- Canadian municipalities issued $7.1 billion worth of building permits in April
Canadian municipalities issued $7.1 billion worth of building permits in April
Canadian municipalities issued $7.1 billion worth of building permits in April, down 0.2% from March. Lower construction intentions for single-family dwellings were mainly responsible for the national decrease. The value of building permits declined in four provinces in April, led by Ontario and Alberta.
The value of residential building permits issued by Canadian municipalities fell 2.5% in April to $4.5 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% in April to $2.5 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.
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