The total value of building permits increased 6.8% to $11.2 billion in November. Seven provinces, led by Alberta (+20.6%) reported increases. Construction intentions in the residential sector rose 12.0% while the non-residential sector declined 3.4%. On a constant dollar basis (2012=100) building permits increased 6.3% to $7.6 billion. Construction intentions for the residential sector increased 12.0% to $7.8 billion at the national level, reaching the highest level since the record set in March 2021. Growth in the sector was driven mostly by British Columbia (+31.7%). The total value of multi-family permits bounced ... (full story)