Building permit totals drop in November
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The value of building permits issued by Canadian municipalities declined 7.7 percent to $7.7 billion in November, the first decrease in three months. Nationally, the value of permits for all building components declined, with the exception of single-family dwellings. The value of building permits for non-residential structures fell 12.3 percent to $2.9 billion in November, following two monthly increases. As of November, Canadian municipalities had issued over $100 million more in building permits in 2017 compared to the 2016 total, led by higher construction intentions for universities, hospitals and manufacturing plants.
