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Value of Canadian building permits down 7.3% in February

Published 2020-04-08, 08:46 a/m
© Reuters.

OTTAWA, April 8 (Reuters) - The value of Canadian building permits fell by 7.3% in February from January, Statistics Canada said on Wednesday.

The residential sector saw lower intentions for multi-family components, while the industrial component led the decline in the non-residential sector. The value of building permits were down in five provinces, with British Columbia recording the largest decrease. Month-on-Month %

Feb

Jan (rev) Jan (prev) Total

-7.3

+3.3

+4.0 Residential

-7.3

+12.0

+12.7 Nonresidential

-7.3

-8.5

-7.8

NOTE: Analysts surveyed by Reuters had expected a decrease of 4.5% in the value of building permits in February. All figures are seasonally adjusted.

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