TeleTrade - Analytics

TeleTrade

721.00 6.50/10
57% of positive reviews
Real

Building permits in Canada plunges 12.9% in January | 06.03.2015

 

Statistics Canada released housing market data on Friday. Building permits in Canada dropped 12.9% in January, missing expectations for a 5.5% gain, after a 6.1% rise in December. December's figure was revised down from a 7.7% increase.

 

 

That was the biggest drop since August 2014.

 

 

Building permits for non-residential construction plunged 22.8% in January, while permits in the residential sector fell 7.0%.

 

 

Lower non-residential permits were driven by weaker demand in the major provinces of Alberta, British Columbia and Ontario.



To leave a comment you must or Join us


By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree