Canadian Building Permits Up in May

Canadian building permits in May increased 2.3% from April to $12.1 billion (CAD) and grew 21.1% from the year-ago period.  Residential authorizations dropped 0.1% from April to $7.8 billion but rose 15.1% from May 2021.  Single-family totals reached $3.8 billion, rising 7% from April and 13.9% from the prior year.  Multi-family levels decreased 5.9% from April to $4.0 billion but climbed 16.2% from May 2021.  See Statistics Canada