New Construction NewsMarket InsightsMarket Stats Canada Building Permits Fall 2.4% MoM in November by Nest & Castle January 3, 2020December 3, 2020 January 3, 2020December 3, 2020 The value of building permits in Canada declined 2.4 percent from a month earlier to CAD 8.1 billion in November 2019, after falling 1.5 percent in the previous month and against market expectations of a 1 percent gain. The value of residential permits slumped (-4 percent to CAD 4.7 billion), as the decrease in the multi-family segment (-11.3 percent to CAD 2.5 billion) more than offset the rise in the single one (5.6 percent to CAD 2.3 billion). Also, the value of permits in the non-residential sector dropped (-0.1 percent to CAD 3.3 thousand), as a sharp decline in the commercial permits component (-13.5 percent to CAD 1.7 billion) outweighed increases in both the industrial (24.5 percent to CAD 0.8 billion) and the institutional segments (14.5 percent to CAD 0.9 billion). The value of building permits was down in six provinces, led by Ontario (-5.7 percent to CAD 3.2 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 Education Standards in Canada next post Canada Housing Starts Fall Less than Expected You may also like Toronto Market Report – September 2020 – TRREB... October 13, 2020 Amid Affordability Concerns, Demand for Toronto Condos Intensifies July 23, 2019 Canada Building Permits Unexpectedly Rise in August October 15, 2019 Canada Housing Starts Fall Less than Expected in... December 3, 2020 Canada Housing Starts Drop More than Expected October 15, 2020 Canada Building Permits Rise for 2nd Month August 3, 2020 THE MISSISSAUGA MARKET IS HOLDING STABLE. October 13, 2020 First Look: Thirty Six Zorra August 14, 2019 Template: Market Stats: City Month Year July 23, 2020