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.
