Canadian building permits in May were down 12.2% from April to $11.7 billion (CAD) but rose 2.6% from the comparable period in 2023. Residential authorizations decreased 16.3% from April and 0.5% from May 2023 to $7.1 billion. Single-family totals were $2.5 billion, dipping 2.7% from April and 2.8% from May 2023. Multi-family levels reached $4.6 billion in May, falling 22.3% from April but up 0.8% from the same month last year. Non-residential permits declined 5.0% from the prior month but increased 7.9% from May 2023 to $4.6 billion. See Statistics Canada