Source: Statistics Canada

Construction intentions cooled down in July as the value of building permits declined, halting two months of record-setting performances. Municipalities issued building permits worth&nbsp ; $6.2&nbsp ; billion, down&nbsp ; 11.3% from&nbsp ; $6.9&nbsp ; billion in June.

Still, July was one of only a handful of months in which permits exceeded the $6-billion mark.

At&nbsp ; $6.9&nbsp ; billion in both May and June, the total value of permits was at its highest level on record.

Losses occurred in both the residential and non-residential sectors. The value of residential permits fell&nbsp ; 6.3% to&nbsp ; $3.8&nbsp ; billion, with declines in both the single-family and multiple-family components.
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