The total value of building permits in Canada declined by 1.5% in June to $11.9 billion, mainly due to deceleration in the non-residential sector, according to Statistics Canada.
Residential permits saw a notable 3.1% increase to end up at $8.2 billion. Much of the momentum stemmed from Ontario, where the value of multi-family building permits went up by 24.8% due to several apartment building projects in Mississauga.
“Overall, 15 out of the 20 highest value permits submitted across all sectors were for apartment or condo buildings,” StatCan said.
