- Prior was -7.0% (revised to -6.3%)
- Non-residential permits +18.0% to C$5.2B
- Residential permits +7.5% to C$7.7B
Details:
- &]:mt-2 list-disc space-y-2 pl-8″ depth=”0″>
- Ontario (+25%) leads gains in both residential and non-residential sectors
- Institutional building booming: +85.9% m/m, driven by healthcare facilities
- Gains in the institutional component (+$824.9 million). However, industrial (-$17.6 million) and commercial
(-$9.9 million) construction intentions edged down. - Industrial permits remain elevated after major battery plant project in St. Thomas, ON
Overall permits were the second-highest level since the start of the new series in January 2017 but it’s more of a one-off around government spending than anything related to the economy. Ontario’s institutional component received big contributions from construction
for long-term care facilities across the province and a hospital permit in Prince Edward County.
Residential building is holding up on the multi-family side as the pipeline of condos continues to work its way through but single-family has flatlined.
This article was written by Adam Button at www.forexlive.com.
#Canada #Sept #building #permits #expected #Forexlive
latest news today, news today, breaking news, latest news today, english news, internet news, top news, oxbig, oxbig news, oxbig news network, oxbig news today, news by oxbig, oxbig media, oxbig network, oxbig news media, forex, forex news, forex news today
HINDI NEWS
