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Building permits, February 2024
Month over month, the total value of building permits in Canada increased 9.3% to $11.8 billion in February. The non-residential sector grew 12.3% to $4.7 billion due to the issuance of several major construction permits, while the residential sector increased 7.4% to $7.1 billion. Ontario (+21.7% to $5.0 billion) led the growth, with gains occurring across all components. On a constant dollar basis (2017=100), the total value of building permits was up 8.5% in February, following a monthly increase in January. The total monthly value of non-residential permits increased 12.3% to $4.7 billion in February. The growth ... (full story)