Building Permits Down in Canada

Ottawa, Ontario, Canada, Aug. 8, 2016 -- The value of Canadian building permits fell in June as requests for permits for apartment and condominium buildings declined in Ontario and British Columbia, according to Statistics Canada.

Permits for residential buildings declined for the third consecutive month as plans for multi-family buildings fell 15.8 percent.

In Vancouver permits fell 25.2 percent, mainly due to reduced plans for multi-family units.

Permits for institutional buildings also fell 20.6 percent.