Canada February building permits -5.7% vs +2.0% expected

Author: Adam Button | Category: News

Canadian building permits sink

  • Prior was -5.5% (revised to -6.0%)
  • Toronto and Vancouver permits both down 21%
  • Two-month drop in Vancouver was largest since 2002
  • Housing permits -8.5%
  • Non-residential permits -0.5%
Not a great sign for Canadian real estate.

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