Statistics Canada

Statistics Canada: A spate of fresh data and yet one more market-cooling tweak from Ottawa last week has put one of the most important sectors in the Canadian economy, and the most important asset-source for most Canadians, on a kind of death watch. , according to Winnipeg Free Press. Last week, Statistics Canada reported that building permits in the residential sector fell 12.9 per cent in June, and permits for multi-unit dwellings mostly condos sank even further by 18.8 per cent. OTTAWA - Canada's much-watched housing market is sending out mixed signals these days even for analysts. That's because while some of the data, such as home prices and starts, is pointing to the soothing "soft landing" that homeowners, economists, banks and politicians are fingers-crossed hoping for, others, like land purchases and building permits suggest the real message is: the crash is coming. (www.immigrantscanada.com). As reported in the news.