Statistics Canada says $4.56 billion worth of residential building permits were issued in May, an increase of 4.2 per cent from April.
The advance followed a 21.6 per cent gain in April and was the third consecutive monthly increase. The jump was attributable to both single and multi-family dwellings, with the latter jumping four per cent to a record $2.22 billion. Single- family housing permit rose 4.4 per cent to $2.33 billion.
The value of residential building permits was up in seven provinces total, led largely by Ontario, Alberta and Nova Scotia. British Columbia posted the largest decline.
Residential building permit numbers by province
- Ontario: +24.4% year-over-year increase (May 2012 to May 2013)
- Alberta: +10.5% from April to May
- British Columbia: -15.5% decline from April to May (the largest monthly decline in May)
- Quebec: +2.5% from April to May, and a -3.3% drop from May 2012
The full Statistics Canada report can be seen here.