Canadian building permit authorizations decline in July
PORTLAND, OR, Sept. 13, 2017 (RISI) -Canadian municipalities issued $7.9 billion worth of building permits in July, down 3.5% from June and the first decrease since March 2017. Lower construction intentions for commercial buildings and multi-family dwellings were mainly responsible for the national decline. Seven provinces posted decreases, with the largest decline in Ontario.
In July, Canadian municipalities approved the construction of 13,830 multi-family units (down 4.2% from June) and 5,754 single units (up 4.6% from June).
Canadian municipalities issued $5.0 billion worth of residential building permits in July, down 2.2% from June and the first decline since April 2017. Construction intentions ...