Building permits in Canada declines 0.3% in April
Statistics Canada released housing market data on Wednesday. Building permits in Canada declined 0.3% in April, missing expectations for a 1.5% rise, after a 6.3% drop in March. March's figure was revised up from a 7.0% decrease.
The decrease was driven by a decline in building permits in Ontario, Quebec and Nova Scotia.
Building permits for non-residential construction were up 2.5% in April, while permits in the residential sector plunged 1.8%.