Single-family building permits slide in January

The value of building permits in Canada rose 13.5 percent month-over-month in January to $10.8 billion, StatCan reports, rebounding after a decrease of 11.5 percent in December. The value of residential permits increased 12.6 percent to $6.5 billion. Gains were led by a strong rebound in multi-unit construction intentions. Single-family dwelling permits were down 10.3 percent to $2.6 billion, with declines occurring in nine provinces.