Canadians are getting used to spending more and getting less, even when it comes to building permits. Statistics Canada (Stat Can) data shows total building permits made monthly progress in September, nearing new highs in seasonally-adjusted nominal terms. Before getting too excited, this growth was almost exclusively driven by state stimulus which tends to have an inflationary impact. Inflation-adjusted data shows the real dollar value peaked earlier this year and has slid in recent months.
https://betterdwelling.com/canadian-building-intentions-improve-but-inflation-killed-real-growth/
https://betterdwelling.com/canadian-building-intentions-improve-but-inflation-killed-real-growth/
Canadians are getting used to spending more and getting less, even when it comes to building permits. Statistics Canada (Stat Can) data shows total building permits made monthly progress in September, nearing new highs in seasonally-adjusted nominal terms. Before getting too excited, this growth was almost exclusively driven by state stimulus which tends to have an inflationary impact. Inflation-adjusted data shows the real dollar value peaked earlier this year and has slid in recent months.
https://betterdwelling.com/canadian-building-intentions-improve-but-inflation-killed-real-growth/
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