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    09.11.2015 11:55 Building permits in Canada drops 6.7% in September

    Statistics Canada released housing market data on Friday. Building permits in Canada fell 6.7% in September, missing expectations for a 1.3% rise, after a 3.6% drop in August. August's figure was revised up from a 3.7% decrease.

     

    The decline was mainly driven by lower construction intentions for residential buildings and commercial structures in Ontario.

     

    Building permits for non-residential construction gained 1.6% in September, while permits in the residential sector slid 11.6%.


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