Value of Canadian building permits fell in March says StatsCan

OTTAWA — Statistics Canada says municipalities issued $6 billion worth of building permits in March, down 3.0% from February.The agency says the decline followed an 11.3% decrease the previous month.It says lower construction intentions in the non-residential sector in six provinces, led by Ontario, more than offset a gain in the residential sector.The value of permits in the non-residential sector fell 8.8% to $2.3 billion in March, the lowest level since January 2013.In the residential sector, the value of permits rose 1.0% to $3.7 billion, following a 20.8% decrease in February.The total value of permits was down in five provinces in March, with Ontario posting the largest decline, followed by Quebec and New Brunswick. read more