Value of building permits up 8.5 per cent in January: Statistics Canada
OTTAWA - Statistics Canada says municipalities issued $7 billion worth of building permits in January, up 8.5 per cent from December.
The agency says the increase in January came from higher construction intentions in the residential sector, which more than offset a decline in the non-residential sector.
Gains were posted in every province in January, except Quebec, with Alberta, British Columbia and Ontario reporting the largest increases.
After two consecutive monthly decreases, construction intentions for residential dwellings rose 26.3 per cent to $4.6 billion, with gains in all provinces.
In the non-residential sector, the value of permits fell 14.6 per cent to $2.4 billion, following a 5.4 per cent increase in December.
Decreases in Quebec and, to a much lesser extent, New Brunswick offset gains posted in the other provinces.
Read more Business News
- All candidates forum comingKelowna
- Truck thief quickly nabbedPenticton / S. Okanagan
- Bobbitt hearing adjournedPenticton / S. Okanagan
- Development builds protestKelowna
|QHR Technologies Inc||1.17||+0.05|
|Anavex Life Sciences||0.192||+0.001|
|Copper Mountain Mining||2.17||+0.18|
|Sunrise Resources Ltd||0.06||0.00|
|Mission Ready Services||0.46||+0.01|
This time of year, I always worry about which friends of mine will get caught going off the road in adverse weather conditions. With a little preparation most accidents can be avoided. Having won the...
Photo: Thinkstock.comThe end of record-low rates is nigh, according to one major bank, which has taken a stance and predicted when the Bank of Canada will raise its long-standing overnight rate. &ldq...
The third week in October is “Small Business Week”, a week dedicated to supporting local, small businesses. The week was designed to bring awareness to Canadians about the role small busin...