Canada: Municipalities issued $7.8 billion worth of building permits in April

Eren Sengezer FXStreet

"Municipalities issued $7.8 billion worth of building permits in April, down 4.6% from March. Declines were reported in every component except commercial buildings," Statistics Canada announced today.

In the residential sector, the value of permits issued by municipalities fell 4.3% to $5.1 billion in April.
The value of single-family permits fell 3.3% to $2.3 billion in April, a fourth consecutive monthly decline.
Municipalities approved the construction of 19,372 new dwellings in April, up 3.6% from the previous month.
The rise was mainly attributable to multi-family dwellings, up 5.0% to 14,189 new units. Single-family dwellings edged down 0.2% to 5,183 new units.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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