Source: Statistics Canada

Canadian contractors took out $4.8 billion in building permits in November, down 11.8% from October, the result of widespread declines in both residential and non-residential sectors. It was the third double-digit decrease in four months.
 
Intentions fell in all provinces except Alberta, Saskatchewan and Nova Scotia.
 
November’s level, the lowest since February 2007, was 22.6% below last year’s monthly average.
The value of non-residential permits fell 15.2% to $2.1 billion, the second consecutive monthly decrease. This drop occurred mainly as a result of declines in Quebec, Ontario and British Columbia.
 
In the residential sector, the value of building permits declined …