July 12, 2024 12:43 GMT
Canada May Building Permits Down From April's Record High
CANADA DATA
- Building permits -12% MOM to CAD11.7b after reaching record high of CAD13.4b April. The decline was led by province of British Columbia.
- Excluding BC, permits -0.7% MOM.
- May residential building permits -16% to CAD7.1b; -0.5% YOY.
- Non-residential -5% MOM to CAD4.6b; +7.9% YOY. Excluding BC, permits +4.5% MOM.
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