• Canadian municipalities issued $8.2 billion worth of building permits in July, down 0.1% from June

Notícias do Mercado

6 setembro 2018

Canadian municipalities issued $8.2 billion worth of building permits in July, down 0.1% from June

The decrease was mainly attributable to lower construction intentions in British Columbia.

The value of permits for residential buildings edged down 0.3% to $5.3 billion in July. The decline was mainly the result of lower construction intentions for multi-family dwellings, down 1.1% to $2.9 billion. The decrease in British Columbia (-$185 million) offset gains in seven provinces.

The value of building permits in the single-family component was up 0.6% to $2.4 billion. Four provinces registered increases, led by Ontario and Manitoba.

In July, municipalities approved the construction of 19,824 new dwellings (+1.2%), consisting of 14,660 multi-family units (+3.7%) and 5,164 single units (-5.2%).

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