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12 Jul
16:46

Canadian building permit values slip on-month in May

The value of Canadian building permits in May declined across most sectors, Kallanish learns from a Statistics Canada press release. May building permit values decreased by 12.2% month-on-month but were up 2.6% year-on-year to CAD 11.7 billion ($8.6 billion). The total value of non-residential sector permits decreased 5.0% m-o-m to CAD 4.6 billion but were up 7.9% y-o-y in May. The monthly decline was attributed to decreases within the commercial and institutiona…
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