Canadian Building Permits Make Historic Drop, As Real Estate Slowdown Spreads
Canadian building permits took a historic nosedive in the latest numbers. The dollar value fell to $9.5 billion in May, down 14.8% from the month before. It was somewhat expected after printing four consecutive months of all-time highs. However, the size of the drop was out of nowhere. It was the biggest on record.
Original Article Source Credits: Better Dwelling , https://betterdwelling.com/
Article Written By: Daniel Wong
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Link to Original Article: https://betterdwelling.com/canadian-building-permits-make-historic-drop-as-real-estate-slowdown-spreads/