Building permits decline in November

The total monthly value of building permits in Canada fell by 3.9 percent from October to $10.9 billion in November, according to new StatCan data. Although eight provinces posted monthly gains in residential construction intentions, the total value of residential permits declined 2.8 percent overall to $7 billion in November. Declines in the multi-unit sector in British Columbia and Quebec more than offset the residential gains in the rest of the country in November.