- Prior 13.5% revised to 16.4%
StatsCan say higher construction intentions for multi-family dwellings in Ontario and British Columbia the main driver
Residential permits increased for the fifth straight month to C$5bn, +18.0%. Non-residential rose 5.0% to a record C$4.2bn
Canadian building permits 08 09 2014
If the gains in permits are followed by prices rising that might give the BOC some food for thought. Largely they have no real issue over housing market pricing at the moment.