The total value of building permits fell 14.5% to $6.7 billion in May, following two months of double-digit gains. Declines were recorded in five provinces, led by Ontario, which had posted a notable increase the previous month. Chart 1 Chart 1: Total value of permits Total value of permits Chart 1: Total value of permits In the residential sector, the value of permits declined 13.5% to $3.9 billion in May, ending a string of three consecutive monthly increases. Declines were registered in seven provinces, with Ontario and Alberta responsible for much of the decrease. British Columbia, in turn, reported the largest ... (full story)