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Building permits, April 2023
The total monthly value of building permits in Canada dropped 18.8% to $9.6 billion in April, the lowest level since December 2020. On a constant dollar basis (2012=100), the total value of building permits fell 18.5% to $5.6 billion in April 2023. Following a record high in March, the total monthly value of non-residential permits fell 34.6% to $3.4 billion in April. The drop was observed across all components but was most pronounced in commercial (-40.2% or - $1.1 billion) and industrial (-49.6% or -$663.8 million) construction intentions. On a seasonally unadjusted basis, the average commercial permit was valued ... (full story)