Canadian Building Permits Strong in November

Canadian building permits in November 2021 grew 6.8% from October to $11.2 billion (CAD) and jumped 15.5% from the year-ago period.  Residential authorizations increased 12% from October to $7.81 billion and were 18.3% higher than November 2020.  Single-family totals reached $3.51 billion, rising 3.3% from October and up 19.2% from the prior year.  Multi-family levels were up 20.2% from October to $4.3 billion and climbed 17.6% from November 2020.  See Statistics Canada