Canada July building permits -3.9% vs +0.3% expected

Canada July building permit data

• Prior was +6.9%
• Total value of permits $9.9B
• Residential -3.1%
• Non-residential -5.6%

The total dollar value offers a better picture than the monthly changes. Given Canadian home prices, this number should be soaring but Canadian bureaucracy is becoming a real headwind.

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September 03, 2021 at 12:30AM
Adam Button
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