Market InsightsThe Hottest New Housing Developments to Watch out for Canada Building Permits Fall 3% MoM in July by Nest & Castle July 3, 2020December 3, 2020 July 3, 2020December 3, 2020 The value of building permits in Canada declined 3 percent from a month earlier to CAD 7.8 billion in July of 2020, following a downwardly revised 5.7 percent rise in June and against market expectations of a 5.5 percent rise. This mainly reflected notable decreases in British Columbia (-34.2 percent), Quebec (-15.1 percent) and Newfoundland and Labrador (-19 percent). The total value of residential permits fell 6.2 percent to CAD 5.1 billion, largely because of the decline in British Columbia (-39.4 percent). The value of permits for multi-family dwellings tumbled 47.8 percent to CAD 0.5 billion, its lowest level since the onset of the pandemic in March. Meanwhile, those for single-family homes increased 3.9 percent to CAD 2.2 billion. On the other hand, non-residential permits rose 3.3 percent to CAD 2.7 billion, as a surge in commercial permits (29.9 percent) offset declines in industrial (-15.7 percent) and institutional ones (-24.2 percent). 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 Canada Housing Starts Unexpectedly Rise in May next post Canada Housing Starts Rise More than Expected in June You may also like Canada Building Permits Rise More than Expected in... September 15, 2019 Canada Building Permits Unexpectedly Fall 5.7% MoM April 15, 2019 Canada Housing Starts Beats Estimates in November December 15, 2018 A Closer Look: The Forest Hill Condos –... September 6, 2019 Oro Condos At Edge Towers Mississauga February 3, 2020 Prime Condos by Centrecourt Developments January 5, 2019 Canada Building Permits Rebound in March May 15, 2019 Canada Housing Starts Rise More than Expected in... July 15, 2020 Canada Building Permits Rise for 2nd Month March 15, 2020