![Housing starts](https://images.forexlive.com/images/Housing%20starts_id_41359acc-3034-4c72-bed5-8ceb5784859b_size900.jpg)
- Prior was -12.2% (revised to -12.7%)
- Permits at $9.9 billion vs $11.6 billion prior
- residential permits decreased 11.5% to $6.5 billion, led by multi-unit
- single-family homes +4.0% m/m
- non-residential sector permits decreased 18.1% following a 21.3% increase in May
These are back-to-back monthly drops of 12.7% and 13.9% in Canadian building permits. The condo boom is certainly over with Ontario multi-unit residential down 25.7% and British Columbia -31.1% m/m.
![Canada building permits res vs non res](https://images.forexlive.com/images/Canada%20building%20permits%20res%20vs%20non%20res_id_bbd3cac4-b189-400a-8a1b-3d98beae80bd_original.jpg)
Adjusted for inflation, spending is well-below 2019 levels.
![permits](https://images.forexlive.com/images/permits_id_aadf48f0-3b3e-43f9-9e5e-a2fc2048090a_original.jpg)