The value of building permits in Canada decreased 3.9 percent to $9.9 billion in July, StatCan reports. All provinces except British Columbia and Newfoundland and Labrador posted lower values, with the greatest decline (-23.4 percent) in Alberta.
Building permits fell 3.1 percent in the residential sector and 5.6 percent in the non-residential sector. Seven provinces reported declines in the residential sector, led by Ontario (-10.5 percent). Single-family permits fell 9.6 percent in July, with two provinces showing growth. Once again, Ontario contributed the most (-9.1 percent) to the decrease.
