Canadian Building Permits Decrease in April

Canadian building permits in April dropped 0.6% from March to $11.7 billion (CAD) but were up 5.5% from the year-ago period.  Residential authorizations fell 3.3% from March to $7.7 billion but increased 0.9% from April 2021.  Single-family totals reached $3.6 billion, down 2% from March and unchanged from the prior year.  Multi-family levels decreased 4.4% from March to $4.2 billion but rose 1.8% from the previous year.  See Statistics Canada