Canada’s building permits rose by 24.1pc in June to C$10.2bn ($8.1bn) compared to June last year and were up by 6.9pc from May this year, according to Statistics Canada (StatCan).
Residential permits were up by 29.4pc to C$7.1bn in June and rose by 9.1pc from May. Single-family units grew by 60.9pc to C$3.4bn in June this year compared to the same month last year, while they climbed by 4.7pc from the previous month. Multiple family units saw a 9.6pc increase in June to C$3.7bn compared to the same month in 2020 and increased by 13.5pc from May.
StatCan reported that the permits for non-residential units in June 2021 saw a 13.4pc hike to C$3.1bn compared to June 2020 and grew by 2.2pc from May this year. Industrial permits dropped by 7.3pc to C$526.1mn in June from the same month in 2020 and were up by 2.3pc from the prior month.
Commercial building permits grew by 31.1pc to C$1.7bn in June from the same month prior year and grew by 7.4pc from May 2021. Permits for institutional building inched up by 0.2pc to C$871.3mn in June and dropped by 6.7pc from the month before.