Canada: Dwelling Permits at a 4-Month Low

In August 2019 the dwelling permits were slightly above 37.500 units in Canada. This is 96,5% over the annual average and the lowest since April 2019. In comparison to the last 10 years the highest value was 50.402 units in May 2018 and the lowest value was 6.323 units in January 2009. Compared to the year before, the value has increased by 1,7%, while compared to July, we have a decrease of the value by -12,5%. Based on this data, the B+L forecast for the current year leads to a yearly decline of -4,7%.