Canadian Building Permits Up 20.2% in May 2020 to $7.4 Billion

In the midst of the COVID-19 pandemic, Canadian Building Permits issued rose to $7.4 Billion in May of this year. That’s up by 20.2% over April 2020. On the flip side, total Canada-wide investment in building construction decreased by 45.9%, or $8.4 billion, in April 2020 (monthly change), largely due to the pandemic shutdowns.(Source: Stats Canada; Construction Key Indicators; https://www150.statcan.gc.ca/n1/en/subjects/Construction)

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