Jan 13, 2026
Building permits fell 13% to $12B in November, below expectations of a 6% decline…
… driven by residential construction intentions, which declined by over $1B (or 12%) on the back of multi-family weakness in Ontario and Quebec - tracking to recent housing start data.
Non-residential permitting was weak too, shedding ~$800M (or 15%) with softness across all categories.
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