(Reuters) - The decline was more than three times the 6.5-percent drop forecast by analysts in a Reuters poll. The total value of permits was C$4.9 billion, 12 percent below the monthly average in 2006.
Building intentions in the residential sector fell 17.8 percent to C$3.0 billion, pulled down by a 34.4 percent plunge in permits for multifamily units. The biggest decline was in the province of Ontario but western Canadian provinces of Alberta and British Columbia, as well as Quebec in the central region also saw significant setbacks.
Read more at Reuters.com Economic News
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