Building permits down 11.6 per cent in January: StatsCan

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OTTAWA – Statistics Canada says municipalities issued $6.1 billion worth of building permits in February, down 11.6 per cent from January.

It says the decrease followed an 8.1 per cent gain the previous month and was mainly driven by lower construction intentions for multi-family dwellings in all provinces.

Construction intentions for residential buildings declined 21 per cent to $3.6 billion, following a 26.1 per cent increase the previous month.

The February figure was the third decline in four months.

In the non-residential sector, the value of building permits rose 6.6 per cent to $2.5 billion in February, following a 15.4 per cent decrease the previous month.

Ontario, British Columbia and Quebec were responsible for most of the growth at the national level, while declines were recorded in Alberta, Manitoba, Newfoundland and Labrador and Nova Scotia.

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