Fewer BC multifamily intentions mean slip for permits
Fewer building permits were issued in July for residential properties across Canada.
There were gains for single-family permits (up 0.6% to $2.4 billion) with Ontario and Manitoba leading gains in four provinces.
A total of 19,824 new dwelling constructions were approved in July (+1.2%) - 14,660 multi-family units (+3.7%) and 5,164 single units (-5.2%).
Meanwhile, there were gains of 0.2% for the non-residential construction sector.
Permits issued totalled $2.9 billion, led by Quebec. There were gains for industrial units (up 16% to $726 million) which included a $100 million permits for Radio Canada in Quebec.
Commercial and institutional permit issuance were both lower.
The total of all permits issued for residential and non-residential buildings totalled $8.2 billion in July, down 0.1% from June.