Canada Sept constructing permits +11.5% vs +1.7% anticipated

• Prior was -7.zero% (revised to -6.three%)
• Ontario permits surge 25% to C$5.9B
• Non-residential permits +18.zero% to C$5.2B
• Residential permits +7.5% to C$7.7B

Particulars:

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• Ontario leads positive aspects in each residential and non-residential sectors
• Institutional constructing booming: +85.9% m/m, pushed by healthcare amenities
• Multi-unit building sturdy in Toronto, Barrie and Mississauga
• Industrial permits stay elevated after main battery plant challenge in St. Thomas, ON

This text was written by Adam Button at www.ubaidahsan.com.



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