Canadian Building Permits Increase in October

Canadian building permits in October grew 1.3% from September to $10.3 billion (CAD) and increased 17.9% from the year-ago period.  Residential authorizations decreased 0.1% from September to $6.85 billion but were 11.3% higher than October 2020.  Single-family totals reached $3.36 billion, rising 10.8% from September and up 21.3% from the prior year.  Multi-family levels were down 8.8% from September to $3.48 billion but advanced 3.0% from October 2020.  See Statistics Canada