.Prior was -12.2% (revised to -12.7%) Permits at $9.9 billion vs $11.6 billion priorresidential licenses minimized 11.5% to $6.5 billion, led through multi-unitsingle-family homes +4.0% m/mnon-residential industry permits decreased 18.1% complying with a 21.3% rise in MayThese are next monthly drops of 12.7% and 13.9% in Canadian building licenses. The condominium boom is undoubtedly over with Ontario multi-unit non commercial down 25.7% and also British Columbia -31.1% m/m. Adjusted for inflation, spending is well-below 2019 levels.This post was written by Adam Switch at www.forexlive.com.