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UPDATE 1-Canadian building permits rise for first time in three months
November 8, 2017 / 1:39 PM / 13 days ago

UPDATE 1-Canadian building permits rise for first time in three months

(Adds details of release, background)

OTTAWA, Nov 8 (Reuters) - The value of Canadian building permits increased 3.8 percent in September, the first rise in three months, on strength in the non-residential sector, Statistics Canada said on Wednesday.

Analysts in a Reuters poll had expected the value of permits to drop by 0.2 percent. Statscan revised August’s data to show a decline of 5.1 percent compared to an initial drop of 5.5 percent.

Permits in the non-residential sector jumped 13.9 percent, largely thanks to a permit for a hospital in the western province of Alberta.

Permits in the residential sector declined 1.7 percent from August, the third consecutive month-on-month retreat, on lower construction intentions for apartments in Ontario.

Reporting by David Ljunggren; Editing by Paul Simao

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