Canada: Building permits decline 0.1% in July to miss market expectation of 1.3%

“Canadian municipalities issued $8.2 billion worth of building permits in July, down 0.1% from June,” Statistics Canada reported on Thursday.  

Key quotes

• The decrease was mainly attributable to lower construction intentions in British Columbia.
• The value of permits for residential buildings edged down 0.3% to $5.3 billion in July.  
• The value of non-residential permits edged up 0.2% to $2.9 billion in July.