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Building permits up in May hits highest level in five years StatsCan

by The Canadian Press Posted Jul 6, 2012 9:00 am MDT OTTAWA – Statistics Canada says municipalities issued $7 billion worth of building permits in May, up 7.4 per cent from April and the highest level since May 2007.The jump followed a 4.4 per cent decline in April.The agency says the increase was largely due to higher construction intentions for institutional buildings in Alberta, British Columbia and Saskatchewan and for multi-family dwellings in British Columbia.The value of residential building permits increased 8.5 per cent to $4.1 billion, following four consecutive monthly declines.Non-residential construction intentions rose six per cent to $2.9 billion after a seven per cent decline the previous month.The value of building permits increased in seven provinces in May, led by British Columbia, Saskatchewan and Alberta. AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email Building permits up in May; hits highest level in five years: StatsCan read more