Canada Building Permits Rise Sharply in May âšī¸
Canada's building permits rose 12.0% to $13.1 billion in May 2025, with significant increases in multi-family residential and institutional non-residential sectors, exceeding market expectations.
Strong construction sector indicators suggest potential economic growth and infrastructure development, with multi-family residential and institutional permits showing robust momentum. Significant month-over-month and year-over-year increases signal positive economic sentiment.
Australia Building Permits Confirmed to Rise 3.2% âšī¸
Australian dwelling approvals increased by 3.2% in May 2025, marking the first growth since January, with rises in Victoria and New South Wales, and a 6.5% year-on-year increase.
Housing market data provides a moderate signal of construction sector activity, with mixed regional performance and modest overall growth suggesting stable economic conditions without dramatic shifts.