Canadian March building permits -9.3% vs -8.0% expected

  • Canadian March building permits data
building permits
  • Prior was -21.0%
  • Non-residential -29.5%
  • Residential +4.7%
  • Permits for single family homes up 3.3% to the highest since March 2021
  • Multifamily permits +6.0%

There were two large hospital permits in February that pushed up non-residential permits. Those created the pop last month and rolled off in this month's data.

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