Canadian Building Permits Down in October

Canadian building permits in October decreased 14.6% from September to $8.17 billion (CAD) and were down 3.3% from the year-ago period.  Residential authorizations fell 5.9% from September to $5.68 billion but climbed 13.1% from October 2019.  Single-family totals reached $2.68 billion, down 2.2% from September but up 24.4% from the prior year.  Multi-family levels were 9.0% lower than September at $3.0 billion but rose 4.7% from October 2019.  See Statistics Canada

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