Value of Canada building permits down 14.0% in December

Feb 6 (Reuters) - The value of Canadian building permits fell by 14.0% in December from November, Statistics Canada said on Tuesday.

The residential sector saw higher intentions for the single-family component, but it was not enough to overcome the decline in the multi-unit component, while both the industrial and commercial components were up in the non-residential sector. The value of building permits were down in nine provinces, with the largest decrease recorded in Ontario.

Month on month (%)

Dec Nov(rev) Nov(prev)

Total -14.0 -5.0 -3.9

Residential -17.9 -3.8 -2.8

Nonresidential -7.0 -7.0 -5.8

NOTE: All figures are seasonally adjusted. Analysts surveyed by Reuters forecast an increase of 1.8% in the value of building permits in December from November.

(Reporting by Dale Smith)

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