Building permits inch down 0.9% to $6.1 billion

Written By Unknown on Kamis, 09 April 2015 | 22.39

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Building permits declined in February, for the second straight month. (Jeff Green/CBC)

Canadian municipalities issued building permits for $6.1 billion worth of construction projects in February, a declined of 0.9 per cent from January's level and the second consecutive monthly contraction.

"Lower construction intentions in Quebec, Ontario and Alberta were responsible for the decrease at the national level," Statistics Canada said in releasing the data on Thursday.

But there was a split between the residential and non-residential sectors. The former increased by 1.5 per cent fo $4.1 billion led by higher construction intentions in six provinces, led by Quebec, followed by British Columbia and Nova Scotia. After declining for four straight months, multi-family dwelling permits bounced up 20.7 to $1.8 billion.

Non-residential permits fell 5.4 per cent to $2 billion.

The total value of building permits was up in 23 of the 34 census metropolitan areas in February, with Vancouver, Kitchener–Cambridge–Waterloo and Halifax posting the largest increases.

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