Canadian municipalities issued building permits worth $6.6 billion in November, down 13.8 per cednt from October, following two consecutive monthly increases. Widespread declines in both the non-residential and residential sectors in several provinces were responsible for the
decrease in November.
The value of building permits for the first 11 months of 2014 totalled $77.9 billion, up 4.8% from the same period in 2013. The gain was fuelled by increases in both the non-residential (+6.1%) and residential (+3.9%) sectors.