Canadian Building Permits Slow in December

Canadian building permits in December 2022 fell 7.3% from November to $10.3 billion (CAD) and were 9.3% lower than the comparable month in 2021. Residential authorizations decreased 8.4% from November to $6.5 billion and dropped 14.6% from December 2021. Single-family totals reached $2.9 billion, down 3.9% from November and 18.8% from the prior year. Multi-family levels declined 11.6% from November to $3.6 billion and sank 11.1% from the previous year. See Statistics Canada

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