The strong start for building intentions at the start of 2018 eased in February as a decline for single-family permits outweighed a rise for the multifamily sector.

Total issuance for single-family permits fell by 1.6% (more than $41 million) with Ontario leading the decline (down 6.9% or $84.2 million) from the previous month with Toronto and Oshawa the main drags.

For multifamily units, there was a rise of 1% nationally with Alberta leading with a 46.9% rise ($108.6m). There was a large drop in Quebec though, down 19% ($109.3m). Six provinces posted increases while Vancouver bucked the provincial decline to rise 4.2% to $548.6m.

There was a 6.6% decline for non-residential permits ($2.9bn) and total issuance for residential and non-residential was down 2.6% to $8.2 billion.

Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate


More market watch: