The total value of building permits in Canada decreased 14.0% from November to $9.2 billion in December, the lowest monthly level since October 2020. Declines were recorded in both the residential and non-residential sectors. On a constant dollar basis (2017=100), the total value of building permits declined 14.2% to $5.8 billion in December. The total value of residential permits fell 17.9% to $5.7 billion in December, driven by a significant decline in multi-unit construction intentions (-31.1%; -$1.3 billion), the largest monthly drop in the series. The decline in value of multi-unit permits in Ontario (-45.2%; ... (full story)