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Canada Building Permits for June 18.5% vs 0.8% estimate
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Details:Non-residential building permits: Rose $1.8 billion to $6.8 billion in June, led by a sharp increase in institutional projects.
Institutional permits: Increased $1.5 billion to $3.2 billion, driven primarily by Ontario (+$1.3 billion) and a major medical project in the Toronto area.
Industrial permits: Rose $268.8 million to $1.2 billion, led by Saskatchewan (+$189.5 million) and Ontario (+$104.2 million).
Multi-unit residential: Rose $283.7 million to $5.3 billion, led by Quebec (+$201.3 million), Alberta (+$143.4 million) and Saskatchewan (+$61.4 million).
The monthly Canadian Building Permits Survey measures the value of building permits issued by municipalities for both residential and non-residential construction.