.Prior was -12.2% (modified to -12.7%) Permits at $9.9 billion vs $11.6 billion priorresidential authorizations lowered 11.5% to $6.5 billion, led by multi-unitsingle-family homes +4.0% m/mnon-residential field permits minimized 18.1% observing a 21.3% increase in MayThese are next month-to-month reduces of 12.7% and also 13.9% in Canadian building authorizations. The apartment boom is undoubtedly over with Ontario multi-unit property down 25.7% and British Columbia -31.1% m/m. Readjusted for rising cost of living, spending is actually well-below 2019 amounts.This write-up was written through Adam Switch at www.forexlive.com.