Value of Canadian residential housing permits decline in November
PORTLAND, OR, Jan. 10, 2019 (RISI) -Canadian municipalities issued $8.3 billion worth of building permits in November, up 2.6% from October. Higher construction intentions for commercial buildings drove most of the gain.
The value of non-residential building permits rose 11.6% to $3.3 billion in November. Construction intentions rose in five provinces, with British Columbia accounting for most of the gain.
In the residential sector, the value of building permits decreased 2.5% to $5.0 billion in November. There were declines in five provinces, most notably Ontario. Meanwhile, the largest gain was in Quebec.
The value of single-family permits fell 5.5% to $2.2 billion in ...