December Canadian Building Permits Down

Canadian building permits in December 2021 fell 1.9% from November to $11.16 billion (CAD) but increased 19.9% from the year-ago period.  Residential authorizations decreased 2.7% from November to $7.75 billion but were 19.1% higher than December 2020.  Single-family totals reached $3.63 billion, up 1.3% from November and rising 15.9% from the prior year.  Multi-family levels were down 6% from November to $4.12 billion but climbed 22.1% from December 2020.  See Statistics Canada