Canadian building permits fell for the first time in three months in April, on fewer construction plans in Ontario for multiple-unit residences and government buildings.
The value of municipal permits fell 5.2 percent to C$6.49 billion ($6.77 billion), Statistics Canada said today in Ottawa. Economists surveyed by Bloomberg News forecast a drop of 1.5 percent, according to the median of nine estimates. Building intensions fell 21 percent in Ontario.
Non-residential construction permits fell 8.4 percent to C$2.69 billion, while residential permits declined 2.8 percent to C$3.8 billion, Statistics Canada said.
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