Canadian Building Permits Up in August

Canadian building permits in August increased 1.7% from July to $8.1 billion (CAD), but were down 11.2% from the year-ago period.  August residential authorizations grew 7.1% from the prior month to $5.58 billion, but decreased 3.6% from August 2019.  Single-family totals reached $2.49 billion, up 9.9% from July and rising 3.8% from the prior year.  Multi-family levels were 5.0% higher than July at $3.09 billion but 8.9% lower than August 2019.  See Statistics Canada