* Value of permits falls 4.1 pct in Dec vs forecast of 2 pct
* Residential permits down 9.3 pct, non-residential up 3.7
* Total permits issued in 2013 little changed from 2012
OTTAWA, Feb 5 The value of Canadian building
permits unexpectedly fell by 4.1 percent in December from
November as residential construction intentions sank for the
second straight month to the lowest level since March 2013,
Statistics Canada data showed on Wednesday.
The median forecast in a Reuters survey of analysts was for
a 2 percent increase in permits issued by municipalities across
the country. The November decline in permits was revised to 6.6
percent from 6.7 percent. All the figures are seasonally
Permits for housing, closely watched amid fears the real
estate market is overheated, fell 9.3 percent. Plans for
multi-family dwellings tumbled 21.9 percent, offsetting a 1.5
percent increase in single-family homes.
Overall in the year 2013, the total value of building
permits was just marginally lower than in 2012, with both
residential and non-residential permits little changed, Statscan
In December, non-residential permits climbed 3.7 percent due
to sharp rises in both the institutional and industrial
components of 32.8 percent and 34.9 percent, respectively.
Permits issued for commercial buildings fell 33.5 percent.