(RTTNews) - Canadian municipalities issued $4.6 billion in building permits in December, down 3.9% from November, according to data released Thursday by Stats Canada. This third consecutive monthly decline was the result of decreases in both the residential and non-residential sectors.

The value of residential permits declined by 3.2% to $2.6 billion, the ninth monthly decrease in 2008. Increases in multi-family permits in Ontario were not enough to offset the declines in single-family permits in Ontario, Alberta and British Columbia.

The value of permits in the non-residential sector declined 4.9% to $2.0 billion, the third consecutive monthly decrease. This decrease came mainly from institutional permits in Alberta and commercial permits in British Columbia.

The value of single-family permits fell 10.8% to $1.6 billion in December, their sixth monthly decline in a row. The drop in December occurred mainly as a result of declines in Ontario, Alberta and British Columbia.

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