“Canadian municipalities issued $8.8 billion worth of building permits in December, up 6.0% from November and the fourth consecutive monthly increase,” Statistics Canada reported on Wednesday.
Key takeaways from the press release
- The gain was largely due to higher construction intentions for multi-family dwellings and commercial buildings, with both components hitting record highs.
- The value of residential building permits was up 4.2% in December to $5.3 billion.
- The value of building permits issued for non-residential structures rose 8.9% in December to $3.5 billion.
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