Statistics Canada reported the total value of Canadian building permits issued in August rose $1.1 billion month-over-month to $13.6 billion, driven by residential activity.
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Statistics Canada says the total value of building permits issued in Canada in August increased by $1.1 billion compared with the previous month, reaching $13.6 billion.
The agency said construction intentions for the homebuilding sector rose by $1.1 billion in August to $8.5 billion.
Within the residential category, permits for multi-unit buildings were reported at $5.8 billion, while the total value of permits for single-family homes edged down to $2.6 billion.
Statistics Canada also reported that the value of non-residential building permits fell by $29.8 million to $5.1 billion in August.
Plans for commercial construction decreased by $380 million to $2.2 billion, while the industrial sector gained $317.3 million to total $1.1 billion.
The institutional component rose by $32.9 million to $1.8 billion.
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