Residential permits rise in July

The total monthly value of building permits in Canada declined 1.5 percent in July to $11.7 billion, StatCan reports, despite a monthly gain of 5.4 percent in the residential sector. Residential permits amounted to $7.4 billion for the month. Ontario (+23.9 percent to $3.5 billion) contributed the most to the rise in value of both single-family and multi-family dwelling permits. Across Canada, July marked the third consecutive monthly increase in single-family home permits, up 7.6 percent to $2.8 billion.