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August Building Permits +6.1% vs +1%....>

CANADA DATA
CANADA DATA: August Building Permits +6.1% vs +1% expected
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- August permits rose to C$9B mainly due to Multi-family and industrial 
permits.
- The total value of building permits was the second highest on record.
- The residential permits reached its second highest value ever. 
- Residential permits +11.7% to C$5.7B in August vs. +2.4% prior.
- Non-residential permits -2.7% to C$3.2B in August vs. 4.6% prior.
- YoY: Total permits +11.1%; Res. 15.8%; Non-res. +3.6%.
- Over half of gains in multi-family permits were in BC; due 
to a high-value permit in the CMA of Vancouver.
- Industrial perits increased largely due to a permit for a 
bio-pharmaceutical company in Toronto.  

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