In March, the total value of building permits issued in Canada decreased by $549.4 million (-4.1%) to $12.9 billion. The decrease was led by the non-residential sector (-$716.3 million), and it was tempered by the residential sector (+$166.9 million). On a constant dollar basis (2017=100), the total value of building permits issued in March decreased 5.1% from the previous month and was up 11.1% on a year-over-year basis. The value of non-residential building permits decreased by $716.3 million to $4.2 billion in March, marking a 14.5% decline from the previous month. Commercial construction intentions led the decline, dropping $474.1 million (-19.0%) to $2.0 billion in March. Meanwhile, the institutional component (-$238.5 million; -14.4%) also saw a decrease. The industrial component (-$3.7 million; -0.5%) experienced a minor decline, continuing its downward trend seen since October 2024. …Residential construction intentions in Canada increased $166.9 million (+2.0%) in March to reach $8.7 billion. A gain in the multi-family component (+$322.5 million to $5.9 billion) was partially offset by a decline in the single-family component (-$155.6 million to $2.8 billion).