Building Permit Value Decreases

The total value of building permits in Canada decreased by 1.5 per cent in June to $11.9 billion compared to the previous month, says a report from Statistics Canada. The value of residential permits increased 3.1 per cent to $8.2 billion nationally from June. Multi-family building permits increased 6.5 per cent, with Ontario leading the way with a 24.8 per cent increase. The total value of non-residential permits fell 10.4 per cent to $3.7 billion from June to July.