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Building permits, May 2023
The total monthly value of residential permits rose 8.5% to $6.8 billion in May, with Ontario contributing to 45.8% of Canada's residential permit values. Ontario increased 16.3% month over month to $3.1 billion, led by multi-dwelling permits issued in urban areas. New Brunswick (+27.2% or +$22.2 million) had the highest provincial growth rate, while Quebec (+10.8% or +$102.3 million), Alberta (+4.7% or +$34.5 million) and British Columbia (+3.7% or +$50.3 million) observed more modest gains. Across Canada, permits for 3,800 new residential units were issued for single-family homes in May, compared with permits for ... (full story)