BUSINESS

Building Permits Fell In April, Led By Ontario

06/06/2011 10:08 EDT | Updated 08/06/2011 05:12 EDT
AP

THE CANADIAN PRESS -- OTTAWA - The value of building permits fell 21.1 per cent to $5.3 billion in April after increases in February and March.

Statistics Canada reports the non-residential and residential sectors both declined in April, with Ontario posting the largest decrease.

The value of non-residential permits fell 33.2 per cent to $1.9 billion, due primarily to lower construction intentions for institutional buildings in Ontario.

Residential permits came in at $3.5 billion, down 12.6 per cent from March.

StatsCan blamed the decrease mainly on a drop in Ontario's multi-family component.

The total value of permits fell in seven provinces, with Alberta, New Brunswick and Newfoundland and Labrador posting gains.