New Construction NewsMarket InsightsMarket Stats by Nest & Castle August 15, 2019December 3, 2020 August 15, 2019December 3, 2020 Canada Building Permits Unexpectedly Fall 3.7% The value of building permits in Canada declined 3.7 percent from a year ago to CAD 8.0 billion in June 2019, following a downwardly revised 12.2 percent slump in the prior month and against market expectations of a 1.5 percent rise. The value of residential permits fell 3.1 percent to CAD 4.9 billion, due to the multi-family dwelling (-6.7 percent to CAD 2.6 billion), mostly in Quebec; while the single-family dwelling permits rose (1.3 percent to CAD 2.3 billion). Also, the value of permits for non-residential buildings slid 4.6 percent to CAD 3.1 billion, mainly due to commercial (-1.1 percent to CAD 1.9 billion) and institutional permits (-17.4 percent to CAD 0.7 billion). Conversely, industrial permits rose (1.7 percent to CAD 0.6 billion). In the second quarter of the year, total value of building permits grew 4.1 percent over a year ago to CAD 25.8 billion. About Nest and Castle Nest & Castle Inc is a leading edge real estate brokerage based in the heart of the Greater Toronto Area (GTA). We provide creative solutions and strategic advice on all aspects of the real estate industry. Our mix of conventional real estate techniques and forward-thinking technologies makes the buying or selling of your home, an easy and enjoyable experience. Search Exclusive New Developments Looking for your Dream Home? Sell Smarter With Data. It's The Future. 0 comment previous post First Look: 11 YV Condos next post Canada Housing Starts Fall Less than Expected You may also like Canada Housing Starts Rise Unexpectedly in August September 15, 2019 October 1, 2020 Canada Housing Starts Fall Slightly Less than Expected February 15, 2019 Canada Housing Starts Beat Forecasts October 15, 2019 Canada Housing Starts Drop More than Expected October 15, 2020 Canada Housing Starts Fall More than Expected November 15, 2019 Canada Building Permits Rise the Most in Over... November 3, 2020 Canada Building Permits Fall the Most since 2017 March 15, 2019 Mississauga Average home price up 9.74% YOY December 5, 2020