July Canadian Building Permits Decrease

Canadian building permits in July dropped 6.6% from June to $11.2 billion (CAD) but were 9.6% higher than the year-ago period. Residential authorizations declined 8.6% from June to $7.6 billion and increased 6.7% from July 2021. Single-family totals reached $3.6 billion, down 5.7% from June but were up 14.8% from the prior year. Multi-family levels fell 11.1% from June to $4.0 billion and grew 0.4% from the previous year. See Statistics Canada

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