Canadian building permits slide 5.2 percent in April

Wednesday, 06 June 2012 02:34:24 (GMT+3)   |  
       

On Tuesday, Statistics Canada reported that building permits in the country fell 5.2 percent to $6.5 billion in April, following two consecutive monthly increases. After two consecutive monthly advances, the value of permits in the non-residential sector decreased 8.4 percent to $2.7 billion. In the residential sector, the value of permits fell 2.8 percent to $3.8 billion in April, a fourth consecutive monthly decrease.

The value of commercial building permits rose 1.9 percent to $1.6 billion in April, representing the third consecutive monthly increase. The advance resulted from gains in four provinces, which offset the declines recorded in the remaining provinces. Industrial construction intentions surged 34.7 percent to $554 million, following a 42.4 percent decline in March.


Similar articles

Investment in Canadian building construction down 0.9 percent in January

18 Mar | Steel News

Value of Canadian building permits up 13.5 percent in January

07 Mar | Steel News

Canadian new home prices decline 0.1 percent in January

21 Feb | Steel News

Investment in Canadian building construction up 0.3 percent in December

15 Feb | Steel News

Value of Canadian building permits down 14 percent in December

06 Feb | Steel News

Canadian residential building construction costs edge up in Q4

01 Feb | Steel News

Canadian new home prices remain stable in December

23 Jan | Steel News

Value of Canadian building permits down 3.9 percent in November

09 Jan | Steel News

Canadian new home prices down 0.2 percent in November

18 Dec | Steel News

Investment in Canadian building construction up 2.7 percent in October

18 Dec | Steel News