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- Canadian municipalities issued $8.1 billion worth of building permits in October, edging down 0.2% from September
Canadian municipalities issued $8.1 billion worth of building permits in October, edging down 0.2% from September
The decrease was mainly attributable to lower construction intentions for industrial and institutional buildings.
The value of non-residential building permits fell 7.0% in October to $2.9 billion. Eight provinces posted declines, most notably British Columbia.
In the industrial component, the value of building permits fell 29.9% to $439 million, the third consecutive monthly decrease. Declines were reported in nine provinces, with Manitoba the lone province to post an increase.
The value of institutional building permits was down 8.7% in October to $733 million, after posting an increase of 16.7% the previous month. Lower construction intentions for hospitals, post-secondary institutions, and other government buildings were responsible for much of the decrease.
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