Building construction activity on the rise again.
Wednesday, July 6, 2011 at 9:04AM The value of building permits rose 20.9% to $6.4 billion in May, following a 21.5% decline in April. Higher construction intentions, particularly for commercial buildings in Quebec and Alberta and multi-family dwellings in Ontario, were behind the advance.
Following two consecutive monthly declines, permits in the non-residential sector rose 50.9% to $2.7 billion. This gain came mainly from higher construction intentions in the commercial component in Quebec, Alberta and Ontario.
The value of permits in the residential sector increased 5.3% to $3.7 billion in May, following a 12.1% decline in April. The increase occurred largely as a result of advances in the value of multi-family dwellings in Quebec and Ontario.
Source: Statistics Canada



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