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New home construction in the Inspiration Community project by developers Tribute Communities in Richmond Hill Nov 10, 2010. (Moe Doiron/Moe Doiron/The Globe and Mail)
New home construction in the Inspiration Community project by developers Tribute Communities in Richmond Hill Nov 10, 2010. (Moe Doiron/Moe Doiron/The Globe and Mail)

Building permits drop in April Add to ...

The value of building permits fell 21.1 per cent to $5.3-billion in April after increases in February and March.

Statistics Canada reports the non-residential and residential sectors both declined in April, with Ontario posting the largest decrease.

The value of non-residential permits fell 33.2 per cent to $1.9-billion, due primarily to lower construction intentions for institutional buildings in Ontario.

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Residential permits came in at $3.5-billion, down 12.6 per cent from March.

StatsCan blamed the decrease mainly on a drop in Ontario's multi-family component.

The total value of permits fell in seven provinces, with Alberta, New Brunswick and Newfoundland and Labrador posting gains.

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