Ontario leads dramatic rise in building permits in Canada in October
Statistics
Canada says the value of building permits issued by municipalities rose from 12.7
per cent to $7.5 billion in September after a big plunge in the previous month.
Statistics Canada says the increase
resulted mostly from higher construction intentions for both non-residential
and residential buildings in Ontario.
It says the value of non-residential
building permits rose 23.9 per cent to $3.1 billion in September — the fifth
increase in six months.
The federal agency says six provinces
posted higher non-residential construction intentions, led by Ontario.
On the residential side, the agency
says the value of permits rose 6.1 per cent to $4.4 billion in September. It says
seven provinces — again led by Ontario — posted gains, while Alberta,
Saskatchewan and Manitoba had declines.
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