Canadian Building Permits Down in August

Canadian building permits in August dropped 2.1% from July to $9.66 billion (CAD) but increased 16.9% from the year-ago period.  Residential authorizations decreased 8.3% from July to $6.36 billion but were 9.7% higher than August 2020.  Single-family totals reached $3.14 billion, up 1.2% from July and soared 24.9% from the prior year.  Multi-family levels were down 15.9% from July to $3.22 billion and fell 1.9% from August 2020.  See Statistics Canada