The total monthly value of building permits in Canada increased 3.4% in August to $11.9 billion, with strong gains in the non-residential sector offsetting modest declines in residential construction intentions. On a constant dollar basis (2012=100), the total value of building permits was up 4.3% to $6.9 billion in August. The total monthly value of residential permits declined 3.7% to $6.8 billion in August, led by weaker multi-unit construction intentions in Ontario (-15.8% or -$315.6 million), Manitoba (-44.9% or -$90.3 million), Quebec (-7.9% or -$57.1 million), and Nova Scotia (-27.3% or -$29.9 million). These ... (full story)