December 1, 2022

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Canada May building permits -14.8% m/m vs +0.3% expected

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Canadian May building permit data

Canada May building permits chart
  • Prior was -0.5%
  • Every component lower
  • Single family dwelling permits -10.6%
  • Non-residential -12.2%

Surprise fall in Canadian building permit data. A big factor here was a 20.6% drop in multi-family permits in Ontario. That alone accounted for 60% of the monthly decline in multi-family.

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