Building permits plummet despite single-family growth

The total value of building permits in Canada fell 13.9 percent to $9.9 billion in June, StatCan reports. Declines were reported in 11 provinces and territories, and in both residential and non-residential sectors. The total value of residential permits decreased 11.5 percent to $6.5 billion. Construction intentions in single-family homes, however, rose by 4.0 percent to $2.6 billion.