Building permit data from Canada
Prior was +4.7% (revised to +4.8%)
Estimates wildly varied for this data point from +10% to -2.0%
Housing permits -5.7%
Non-residential permits +4.6%
Regionally, the residential numbers were soft across the board with Quebec -4.2%, Ontario -3.9% and BC -0.2%. Multiple residential units were particularly soft, down 8.0%.
In year-over-year terms, the numbers are better with residential permits down 1.5% and multiples up 0.9%.
