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Canadian Building Permits Decrease in February

Canadian building permits in February fell 7.3% from January to $8.6 billion (CAD) but were up 6.7% from the year-ago period.  February residential authorizations fell 7.3% from the prior month to $5.34 billion but increased 9.4% from the comparable month in 2019.  Single-family totals increased 8.3% from January to $2.56 billion and jumped 20.2% from the prior year.  Multi-family levels dropped 18.1% to $2.76 billion but rose 0.9% from February 2019.  See Statistics Canada

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