Prior was +11.5%Non-residential permits -11.0% to C$4.7BResidential permits +2.3% to C$7.9B
Details:
Ontario saw significant declines (-$696.4M), particularly in non-residential sectorInstitutional component declining: -20.2% m/m (-$368.2M)Commercial (-$127.5M, -5.9%) and industrial (-$80.6M, -6.4%) also declinedBritish Columbia (+$275.6M) and Alberta (+$158.9M) led residential growthMulti-family permits edged up slightly (+$37.6M), while single-family rose more substantially (+$139.6M)Total building permits decreased by $399.1M (-3.1%) to $12.6B in October
This is a lumpy series but it’s holding up better than expected. This was still the fourth-highest level in the series.
This article was written by Adam Button at www.forexlive.com.
