BUSINESS

Building permits down 2.3 per cent in July from June: StatsCan

09/07/2012 08:55 EDT | Updated 11/07/2012 05:12 EST
OTTAWA - Statistics Canada says municipalities issued $6.8 billion worth of building permits in July, down 2.3 per cent from June.

The agency says the decline was driven by lower values of permits for both residential and non-residential buildings, particularly in Ontario.

In the residential sector, the value of permits decreased 2.4 per cent to $4.3 billion, following two consecutive monthly increases.

In the non-residential sector, the value of permits fell 2.1 per cent to $2.5 billion after a 9.0 per cent drop in June.

The value of permits for multi-family dwellings fell 4.3 per cent to $1.9 billion, after two consecutive monthly increases.

Permits for single-family dwellings totalled $2.5 billion, down 0.9 per cent from June and a shift from two consecutive monthly increases.