Wednesday, July 10, 2013

Building permits jump 4.5 per cent, mark fifth month of growth



Homes under construction are seen in this file photo. Statscan said Monday that the value of building permits rose 4.5 per cent in May. (Jeff McIntosh/The Globe and Mail)

Building permits jump 4.5 per cent, mark fifth month of growth


Statistics Canada says municipalities issued $7.3-billion worth of building permits in May, up 4.5 per cent from April.
The agency says it was the fifth consecutive monthly increase and was generated mostly by the residential sector in Ontario and the non-residential sector in Quebec.
Nationally, residential sector permit values increased 4.2 per cent to $4.6-billion in May.

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