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07 Feb
18:35

Canada monthly building permit values hit 3-year low

The value of monthly building permits in Canada in December fell to the lowest level since October 2020, Kallanish learns from a Statistics Canada press release. December building permit values were down 14.5% on a year-on-year basis to CAD 9.2 billion ($6.83 billion). StatsCan mentions that rising material costs and labour costs inflated nominal building permit valuations. The total value of non-residential sector permits decreased by 12.5% y-o-y in Decemb…
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