Steel Markets
March 5, 2014
Canadian Residential Construction Strong in January
Written by Sandy Williams
Canadian building permit value rose 8.5 percent in January to $7.0 billion after falling 4.8 percent in December. Higher building intentions in the residential sector more than offset building declines in the non-residential sector.
Building permits for residential construction increased to 18,366 units in January from 15,650 in December 2013. Single family dwellings permit authorization increased by 11.8 percent from the previous month and 5.3 percent year-over-year. Multiple family dwelling permits jumped 20.9 percent from December and 21.3 percent year-over-year.
