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Drop in building permits

The Oshawa area saw a drop in building permits issued in March compared to the month before.

According to new numbers from Statistics Canada, there were 151 residential building permits valued at just shy of $43 million issued in March, down from the 211 permits valued at just under $73 million issued the month before.

This also represents a drop from a year ago, when 218 permits valued at $82.7 million were issued.

Across the country, the number of residential building permits saw a boost, with 15,635 permits valued at approximately $3.65 billion issued in March, up from the 10,959 permits valued at $2.48 billion issued in February.

The number of non-residential building permits, however, was down across the board, resulting in the total number of building permits issued drop seven per cent. According to Statistics Canada, the drop can be attributed to fewer construction intentions for commercial properties in Alberta, British Columbia and Ontario.