Economy
February 6, 2014
Canadian Housing Permits Fall, Nonresidential Climbs in December
Written by Sandy Williams
Residential building permit authorizations in Canada for December declined for the second month, falling 14.2 percent to a seasonally adjusted annual rate of 186,780 units from 216,608 units in November. According to data released by Statistics Canada, multi-family dwelling authorizations led the decline, dropping 21.3 percent while single family dwellings inched down 0.1 percent.
Value of residential permits dropped 9.3 percent to $3.7 million from $4.08 million (Canadian) in November. Residential permit value for 2013 totaled $48.3 billion, almost unchanged from 2012.
