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Canada's Building Permit Decline
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Canada's building permit issuance fell 14% in December from November, driven by weakness in both residential and non-residential sectors. Despite a 37% increase in home sales in Toronto, Canada's biggest market, the decline in building permits continues.
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How might the decline in building permits impact Canada's construction industry and related sectors?
What factors could have contributed to the decline in building permits despite the increase in home sales in Toronto?
What policies or initiatives could be implemented to stimulate building permit issuance and support the housing market?
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