New Construction NewsMarket InsightsMarket Stats Canada Building Permits Fall More than Expected in May by Nest & Castle July 15, 2019December 3, 2020 July 15, 2019December 3, 2020 The value of building permits in Canada fell 13 percent from the previous year to CAD 8.2 billion in May 2019, following an upwardly revised 16 percent gain in the previous month and compared with market expectations of a 2.5 percent decline. The value of residential permits dropped 17.2 percent to CAD 5 billion, due to the multi-family dwelling (-28.5 percent to CAD 2.7 billion) while the single-family dwelling permits rose (1.8 percent to CAD 2.3 billion) led by Ontario (+CAD 47 million). Also, the value of permits for non-residential buildings went down 5.7 percent to CAD 3.3 billion, mainly due to commercial (-0.9 percent to CAD 1.9 billion) and industrial permits (-37.5 percent to CAD 581 million). Meanwhile, institutional permits jumped 25.7 percent to CAD 815 million, boosted by higher construction intentions for secondary and elementary schools in British Columbia and nursing homes in Quebec and Ontario. 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 A first-time homebuyers’s guide to land transfer and property tax ontario next post Canada Housing Starts Jump to 1-1/2-Year High You may also like Canadian seasonally adjusted housing starts fell to 213,419... January 15, 2019 Canada Housing Starts Beat Forecasts October 15, 2019 Canada Housing Starts Lowest in Over a Year May 15, 2020 Canada Housing Starts Jump to 1-1/2-Year High July 15, 2019 Canada Building Permits Fall the Most in Over... June 3, 2020 Canada Building Permits Rebound in March May 15, 2019 Amid Affordability Concerns, Demand for Toronto Condos Intensifies July 23, 2019 Canada Housing Starts Lowest in 7 Months January 15, 2020 Canada Building Permits Rise for 2nd Month August 3, 2020