Canadian lumber production increased 7.2% from April 2022 to 4 649.5 thousand cubic metres in May. Production was down 5.3% from May 2021.
Statistics Canada
Investment in Canada's building construction increased by 2.7% to $20.9 billion in April 2022. Gains were reported in both the residential (+3.2%) and the non-residential sectors (+1.4%).
The total value of building permits in Canada declined 0.6% in April 2022 to $11.7 billion. Decreases in residential permits (-3.3%) were mostly offset by gains in the non-residential sector (+5.0%).
Canadian sawmills produced 5 056.8 thousand m3 of lumber in March, up 16.0% from February 2022 and down 10.2% from March 2021.