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  ; $6.2  ; billion, down  ; 11.3% from  ; $6.9  ; billion in June.
Still, July was one of only a handful of months in which permits exceeded the $6-billion mark.
At  ; $6.9  ; 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  ; 6.3% to  ; $3.8  ; billion, with declines in both the single-family and multiple-family components.