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    08.03.2016 13:44 Building permits in Canada slide 9.8% in January

    Statistics Canada released housing market data on Tuesday. Building permits in Canada slid 9.8% in January, missing expectations for a 2.0% fall, after a 7.7% rise in December. December's figure was revised down from a 11.3% increase.

     

    The decrease was driven by a decline in building permits for multi-family dwellings in in British Columbia and Ontario.

     

    Building permits for non-residential construction were down 4.8% in January, while permits in the residential sector plunged 12.5%.


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