Canada: Value of institutional permits push up in September
"Building permits rose in September for the first time in three months, as strength in the non-residential sector outweighed some weakness in the residential sector," the Statistics Canada announced on Wednesday.
Canadian municipalities issued $7.9 billion worth of building permits in September, up 3.8% from the previous month.
A 1.7% decrease in the residential sector was more than offset by a 13.9% increase in the non-residential sector.
A high-value institutional building permit issued in Alberta was behind much of the increase.
The value of residential building permits edged down $82.7 million (-1.7%) to $4.8 billion in September, the third consecutive monthly decline.