Statistics Canada reports value of building permits down 0.1% in July to $11.9B

In July, Statistics Canada reported a slight decline of 0.1% in the value of building permits, totaling $11.9 billion. This decrease was driven by a 5.8% drop in non-residential permits, although residential permits increased by 3.8%. The residential sector saw growth in both single-family homes and multi-unit construction. Overall, the number of authorized dwellings rose slightly by 1.9% compared to the previous month.