In June, the total value of building permits issued in Canada decreased by $1.2 billion (-9.0%) to $12.0 billion. Ontario's institutional component (-$1.4 billion) led the decline in construction intentions in June, after driving the growth in May.
On a constant dollar basis (2023=100), the total value of building permits issued in June decreased 9.5% from the previous month and was up 6.9% on a year-over-year basis.
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