Construction intentions slow in most segments as building permits decline in June
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AI Article Summary
In June, Canada's building permits saw a decline, with only the industrial sector experiencing growth. The total value of building permits fell by nine per cent to $12 billion, despite an annual increase of 11 per cent compared to June 2024. The decline was particularly notable in Ontario's institutional sector, though non-residential construction reached a record high in the second quarter, driven by increases in Ontario and Alberta.