In October, the total value of building permits issued in Canada rose $1.8 billion (+14.9%) to $13.8 billion. The increase in construction intentions was led by the residential sector (+$1.1 billion). An increase was also observed in the non-residential sector (+$702.8 million).
On a constant dollar basis (2023=100), the total value of building permits issued in October grew 14.9% from the previous month and was up 5.9% on a year-over-year basis.
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