Canadian Building Permits Down in March

Canadian building permits in March dropped 9.3% from February to $11.7 billion (CAD) but were up 5.2% from the year-ago period.  Residential authorizations rose 4.7% from February to $7.9 billion but fell 3.2% from March 2021.  Single-family totals reached $3.7 billion, grew 3.3% from February but were 4.2% lower than the prior year.  Multi-family levels increased 6.0% from February to $4.3 billion but declined 2.3% from the previous month.  See Statistics Canada

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