Canadian Building Permits Plummet 14% in December, Marking Lowest Level in Over Three Years

OTTAWA—Canadian building permit issuance witnessed a significant decline in December 2023, plunging to its lowest level in more than three years amidst ongoing concerns about pent-up housing demand in the country. According to Statistics Canada, the total value of building permits dropped by 14% from the previous month to a seasonally adjusted 9.25 billion Canadian … Read more