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Building permits down again

For the sixth month in a row, the value of building permits issued in the Oshawa area was down.

According to Statistics Canada, there were 82 residential building permits valued at $27.34 million issued in the Oshawa census metropolitan area – which also includes Whitby and Clarington – in October, down from the 106 permits valued at $28.648 million issued in September.

This also marks a decrease from the same time in 2015, when 125 building permits valued at $37.336 million were issued.

Building permit values have been on the decline since April, when 391 residential building permits valued at $126.928 million were issued. October’s numbers also mark the lowest value seen since January, when 131 permits valued at $24.185 million were issued.

Across the country, there was a 7.7 per cent increase in the value of building permits in October, rising to $5.2 billion. According to Statistics Canada, there were advances posted in eight provinces. The largest gains were seen in single-family dwellings, coming in at $2.8 billion.