Canadian building permits data for February
- Prior was +8.2% (revised to +6.9%)
- Non-residential +14.2%
- Residential -2.9%
The revision takes a bit of the shine off the strong number but in any case, the Canadian housing market is red hot. This report was boosted by some one-off projects in Ontario and Alberta. On the non-residential side, permits were down after a record in January.
This is a good summer to be a construction worker.
