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 6 per cent to $2.9-billion after a 7-per-cent decline the previous month.
The value of building permits increased in seven provinces in May, led by British Columbia, Saskatchewan and Alberta.
Posted via email from Markham Real Estate Today with Asif Khan
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