Building Permits Decline

The total value of building permits in Canada declined 0.6 per cent in April to $11.7 billion, says Statistics Canada. Residential permits decreased 3.3 per cent to $7.7 billion nationally, driven mostly by lower intentions in Ontario and British Columbia. Construction intentions in the single-family home component declined two per cent, with Alberta behind much of the decrease with 11.9 per cent. The total value of permits in the non-residential sector increased by five per cent to $3.9 billion. Construction intention in the institutional sector rose 7.2 per cent while commercial permits decreased 6.4 per cent.