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StatsCan building permits report


May 14, 2012
By Statistics Canada

May 14, 2012 – In March, contractors took out building permits worth $6.8 billion,
up 4.7 per cent from February following a 7.6 per cent increase the previous month.
The gain was the result of higher construction intentions for both institutional
and commercial buildings, mostly in Ontario. In the non-residential sector, the value of permits rose 13.9 per cent to $2.9 billion,
following a 37.7 per cent increase the previous month. This was the highest level
since June 2010. Increases in the institutional and commercial components
more than offset declines in the industrial component. Most provinces posted
advances, with Ontario accounting for most of the growth. The value of residential permits declined 1.3 per cent to $3.9 billion,
the third monthly decrease in a row. Decreases occurred in six provinces,
led by Ontario. Alberta posted the largest increase, followed by Nova Scotia. | READ MORE


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