The total value of building permits issued in Canada in May rose by $1.4 billion (+12.0%) to reach $13.1 billion, as activity rose in both the residential and non-residential components.

The value of non-residential building permits rose by $1.2 billion to $5.6 billion with the increase driven by a gain of $1.3 billion in Ontario's institutional component.

Construction intentions for a new hospital in the Niagara census metropolitan area (CMA), which reached almost seven times the average value of major permits in the institutional component, led the growth in Ontario's institutional component. The hospital construction permit also drove the national institutional component upwards to a record $2.5 billion.

Commercial permit values increased by $87.8 million to $2.3 billion in May. Quebec (+$59.1 million) led the gains recorded in eight provinces and two territories. Ontario permit values (-$71.9 million) declined the most, after contributing significantly to growth in the non-residential sector in April.

Construction intentions in the industrial component declined by $117.2 million in May; the largest decline was in Quebec (-$50.8 million), followed by decreases in six other provinces.

Meanwhile, residential construction intentions rose by $169.8 million to $7.5 billion in May. This increase was primarily led by British Columbia's multi-family component, which grew by $687.7 million to $1.5 billion, thanks to a significant increase in activity in the Vancouver CMA (+$696.4 million).

Nationally, multi-family permit values increased by $194.8 million to $4.9 billion in May. Ontario's multi-family component declined by $382.8 million, counteracting part of the growth in British Columbia's multi-family component.

The value of single-family permits edged down $25.0 million to $2.6 billion in May, with the decline primarily attributed to Ontario (-$77.5 million) and mitigated by increases in seven provinces and two territories.

Across Canada, a total of 21,000 new multi-unit dwellings and 4,400 new single-family dwellings were authorized for construction in May, reflecting a slight decline of 0.2% in the total number of units authorized from the previous month.