{"id":433507,"date":"2026-07-10T19:38:44","date_gmt":"2026-07-10T12:38:44","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/canada-building-permits-for-may-1-7-versus-2-4-estimate-433507\/"},"modified":"2026-07-10T19:38:44","modified_gmt":"2026-07-10T12:38:44","slug":"canada-building-permits-for-may-1-7-versus-2-4-estimate","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/canada-building-permits-for-may-1-7-versus-2-4-estimate-433507\/","title":{"rendered":"Canada building permits for May -1.7% versus 2.4% estimate"},"content":{"rendered":"<div>\n<ul>\n<li>Prior month\u00a0revised to -6.6% versus -7.6% previously reported<\/li>\n<li>building permits for the month of May -1.7% versus +2.4% estimate.<\/li>\n<\/ul>\n<p>Details of the Report:<\/p>\n<p class=\"PDq2pG_selectionAnchorContainer\">Overall<\/p>\n<ul>\n<li>Total building permits:C$12.4B, -1.7% m\/m (-C$215.0M)\n<\/li>\n<li>\nDecline driven by non-residential weakness, partially offset by residential gains<\/li>\n<li>Constant dollar basis (2023=100):\n<ul>\n<li>-1.6% m\/m<\/li>\n<li>-7.0% y\/y<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>Non-Residential Sector<\/p>\n<ul>\n<li>Total non-residential permits:C$4.7B, -6.1% (-C$306.1M)\n<\/li>\n<\/ul>\n<p>Industrial led the non-residential decline.\u00a0<\/p>\n<ul>\n<li>C$861.3M, -C$341.0M (largest drag)\n<\/li>\n<li>\nBiggest provincial declines:<\/p>\n<ul>\n<li>\nOntario: -C$236.2M<\/li>\n<li>\nQuebec: -C$52.3M<\/li>\n<li>\nAlberta: -C$50.7M<\/li>\n<\/ul>\n<\/li>\n<li>\nEight provinces and one territory posted declines.\n<\/li>\n<\/ul>\n<p>Commercial<\/p>\n<ul>\n<li>C$2.4B, +C$81.4M<\/li>\n<li>\nLed by:<\/p>\n<ul>\n<li>\nBritish Columbia: +C$183.1M<\/li>\n<li>\nOntario: +C$62.9M<\/li>\n<li>\nNewfoundland &amp; Labrador: +C$33.5M<\/li>\n<\/ul>\n<\/li>\n<li>\nOffset by:<\/p>\n<ul>\n<li>\nQuebec: -C$183.0M<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>Institutional<\/p>\n<ul>\n<li>\nDeclines led by:<\/p>\n<ul>\n<li>\nOntario: -C$240.2M<\/li>\n<li>\nQuebec: -C$74.1M<\/li>\n<\/ul>\n<\/li>\n<li>\nPartly offset by:<\/p>\n<ul>\n<li>\nBritish Columbia: +C$183.6M<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>Residential Sector led by gain in Muli-unit permits<\/p>\n<ul>\n<li>Total residential permits:C$7.7B, +1.2% (+C$91.1M)\n<\/li>\n<\/ul>\n<p>Multi-Unit<\/p>\n<ul>\n<li>C$5.1B, +C$161.9M<\/li>\n<li>\nGrowth led by:<\/p>\n<ul>\n<li>\nBritish Columbia: +C$304.4M<\/li>\n<li>\nOntario: +C$235.0M<\/li>\n<\/ul>\n<\/li>\n<li>\nLargest metro gains:<\/p>\n<ul>\n<li>\nVancouver: +C$216.0M<\/li>\n<li>\nToronto: +C$129.0M<\/li>\n<\/ul>\n<\/li>\n<li>\nOffset by:<\/p>\n<ul>\n<li>\nQuebec: -C$272.6M<\/li>\n<li>\nNova Scotia: -C$79.2M<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>Single-Family units decline<\/p>\n<ul>\n<li>C$2.6B, -C$70.7M<\/li>\n<li>\nLargest declines:<\/p>\n<ul>\n<li>\nQuebec: -C$65.7M<\/li>\n<li>\nManitoba: -C$19.5M<\/li>\n<li>\nAlberta: -C$13.8M<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>                            This article was written by fl932d6e52a19643278e0f123bca7198f5 at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Prior month\u00a0revised to -6.6% versus -7.6% previously reported building permits for the month of May -1.7% versus +2.4% estimate. Details of the Report: Overall Total building permits:C$12.4B, -1.7% m\/m (-C$215.0M) Decline driven&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-433507","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/433507","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=433507"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/433507\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=433507"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=433507"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=433507"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}