1 Min Read
(Reuters) - The value of Canadian building permits declined 2.5 percent in June, mostly due to a decrease in the non-residential and residential sectors in Western Canada, Statistics Canada said on Tuesday.
The drop followed a 7.1 percent jump in building intentions in May to the highest level in five years, revised from the 7.4 percent rise originally estimated.
The value of housing permits nationwide rose 4.2 in the month. In the non-residential sector, construction intentions were down 12.3 percent, led by a sharp dip in the value of institutional building permits, which fell 45.9 percent.
Reporting by Alex Paterson; Editing by Louise Egan