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Builders took out $6-billion worth of permits in the month, Statistics Canada reported on Thursday. (Fred Lum/The Globe and Mail)
Builders took out $6-billion worth of permits in the month, Statistics Canada reported on Thursday. (Fred Lum/The Globe and Mail)

Canada April building permits fall short of expectations Add to ...

The value of building permits issued in Canada rose in April for the first time since January but fell short of expectations as a drop in non-residential construction plans partially offset a gain in housing.

Builders took out $6-billion worth of permits in the month, Statistics Canada reported on Thursday, up 1.1-per-cent jump from March but below the market forecast of a 4-per-cent increase.

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Statscan revised the March decrease in permits to 3.2 per cent from 3 per cent.

The value of residential permits rose for the second consecutive month, up 2 per cent from March. Intentions for single-family dwellings jumped 2.8 per cent as an increase in Ontario offset declines in Alberta and four other provinces.

For multiple-family dwellings, the value of permits climbed 1.1 per cent, led by Alberta.

The strength in housing was partially offset by a 0.4-per-cent decline in non-residential construction projects. The value of permits issued in the heavyweight commercial component fell while it rose for the institutional and industrial components.

On a year-on-year basis, the total value of permits fell 13.4 per cent, with the residential component down 13.8 per cent and the non-residential component down 12.7 per cent.

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