OTTAWA ― Canadian municipalities issued $8.4 billion worth of building permits in January, StatCan reports, down 5.5% from the record high in December. Lower construction intentions for commercial buildings were responsible for the national decline. In the residential sector, the value of building permits increased 1.6% from December to $5.4 billion. Both single-family and multi-family dwellings posted gains. The value of single-family dwelling permits rose 3.1% to $2 billion. Four provinces reported increases, led by Ontario, with Quebec a distant second. In the multi-family dwelling component, building permits issued by municipalities rose 0.7% to $3.3 billion in January, surpassing the record high set in December. This was the fifth consecutive monthly increase. The largest gain was in Ontario, while Quebec reported the largest decline.
Residential building permits edge up in January
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