Bloomberg News

Canada April Building Permits Decline 5.2% on Drop in Ontario

June 05, 2012

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.

To contact the reporter on this story: Theophilos Argitis in Ottawa at targitis@bloomberg.net.

To contact the editors responsible for this story: Christopher Wellisz at cwellisz@bloomberg.net; David Scanlan at dscanlan@bloomberg.net.


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