January 9, 2014 / 1:37 PM / 4 years ago

Canada Nov building permits fall after two months' rise

The light from the sunset reflects off apartment blocks and office buildings in the city of Burnaby in this view from Cypress Mountain in West Vancouver, British Columbia August 20, 2013. REUTERS/Andy Clark

OTTAWA (Reuters) - The value of Canadian building permits fell by more than expected, 6.7 percent, in November from October after an upwardly revised 8.0 percent rise in October, according to Statistics Canada data released on Thursday.

The median forecast in a Reuters survey of analysts was for a fall of only 3.0 percent. The October rise was revised from 7.4 percent and marked the second consecutive monthly climb. All the figures are seasonally adjusted.

Residential construction intentions fell 7.6 percent in November, with both single- and multi-family dwellings taking a hit.

Nonresidential permits were down 5.2 percent, led by a 32.0 percent fall in the lumpy institutional component, due to lower plans for government buildings, schools and medical buildings.

The industrial component also fell, by 2.2 percent, while the commercial part rose 1.8 percent after a 25.0 percent increase in October.

Reporting by Randall Palmer; Editing by Rosalind Russell

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