Building permits rose 9% to $14B, ahead of expectations…

… driven by strength in multi-family construction, led by Ontario (+$0.7B), BC (+$0.2B) and Alberta (+$0.1B) - while single-family intentions were down small…

… continuing what’s been a long-term trend, with multi-family and single-family unit creation up 71% and down 31% since 2018, respectively.

Non-residential permitting edged down slightly, as the decline in commercial (mostly Quebec) was largely offset by gains in industrial and institutional.

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