Monday, February 7, 2011

Building permits: major setback in Quebec

The value of building permits in Quebec received a significant decline of 20.2% in December from the previous month, according to data recorded by Statistics Canada released today.The value of building permits was $ 1.04 billion last month in the province, compared to $ 1.3 billion in November.The fall was mainly non-residential sector, where the value of building permits increased from $ 550.8 to 252,500,000 in a month.
Meanwhile, the value of permits for the whole country rose 2.4% in December, when she had experienced a decline the previous two months.

The value of building permits in Canada last month was nearly $ 5.7 billion, mainly due to higher construction intentions for multi-family dwellings in Ontario.

For the whole residential sector, the increase was 21.2% in December, while non-residential sector has cashed a decline of 22%.

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