Canada’s Building Permits Rise in March

Building permits in Canada increased in March compared with the month before, data showed on Tuesday.

In March, the total value of Canadian building permits surged by 5.7% on a monthly basis to reach a seasonally adjusted level of CAD 10.9 billion, according to data by Statistics Canada.

February’s reading was revised upwards to show a 3.1% increase in building permits, compared with an initially estimated 2.1% rise.

On an annual basis, the total value of Canadian building permits jumped by 50.1%.