In 2025, total building permit values rose to $149.7 billion but declined 1.3% after inflation adjustment. Residential permits fell $1 billion due to a 7% drop in single-family construction, though multi-unit dwellings increased, reaching a record 308,600 units. Non-residential permits dropped $739.8 million, led by declines in industrial permits. December and Q4 saw growth driven by multi-unit residential and institutional sectors, with Ontario leading gains.
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