Building permits decline in January

The value of building permits issued in Canada in January fell to $12.8 billion, StatCan reports. That was $425.8 million, or 3.2 percent, lower than December 2024. Residential construction intentions fell by 3.4 percent to $8.8 billion after increasing by $1.7 billion in December. In the single-family sector, however, permits increased by $111.4 million.