Canadian Building Permits Soar in March

Canadian building permits in March grew 5.7% from February to a third consecutive monthly record of $10.9 billion (CAD). March permits jumped 44.9% from the year-ago period.  Residential authorizations rose 15.9% from February to $8.07 billion and were 69.8% higher than March 2020.  Single-family totals increased to $3.8 billion, up 7.6% from February and soared 80.3% from the prior year.  Multi-family levels were up 24.5% from February at $4.27 billion and climbed 61.4% from March 2020.  See Statistics Canada