© Reuters. FILE PHOTO: A crane stands between condo buildings in Liberty Village neighbourhood in Toronto, Ontario, Canada July 13, 2022. REUTERS/Carlos Osorio/File Photo
Feb 6 (Reuters) – The value of Canadian building permits fell by 14.0% in December from November, Statistics Canada said on Tuesday.
The residential sector saw higher intentions for the single-family component, but it was not enough to overcome the decline in the multi-unit component, while both the industrial and commercial components were up in the non-residential sector. The value of building permits were down in nine provinces, with the largest decrease recorded in Ontario.
Month on month (%)
Dec Nov(rev) Nov(prev)
Total -14.0 -5.0 -3.9
Residential -17.9 -3.8 -2.8
Nonresidential -7.0 -7.0 -5.8
NOTE: All figures are seasonally adjusted. Analysts surveyed Reuters via biedexmarkets.com forecast an increase of 1.8% in the value of building permits in December from November.