Wood News

Canadian building permits decline in December; 2013 ends slightly below the 2012 level



PORTLAND, OR , Feb. 5, 2014 (RISI) - 

The total value of building permits issued by Canadian municipalities declined 4.1% in December to $6.5 billion, following a 6.6% decrease in November, according to Statistics Canada. Lower construction intentions for commercial buildings and multi-family dwellings in Ontario and British Columbia were responsible for much of the decrease. The total value of building permits for 2013 edged down 0.1% from 2012 to $80.8 billion.

The total value of permits in the residential sector fell for a second consecutive month, down 9.3% to $3.7 billion in December and the lowest level since March 2013. Overall for the year, the total value of residential building permits amounted to $48.3 billion, almost unchanged from the total value reached in 2012.

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