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 Canada Building Permits Rebound in August October 3, 2020 Canada Housing Starts Fall Slightly Less than Expected February 15, 2019 Canada Housing Starts Rise More than Expected in... July 15, 2020 Canada Housing Starts Rise More than Expected May 15, 2019 Canada Building Permits Unexpectedly Rise in August October 15, 2019 Canada Housing Starts Beat Forecasts October 15, 2019 THE MISSISSAUGA MARKET IS HOLDING STABLE. October 13, 2020 Canada Building Permits Fall 13.2% MoM in March May 15, 2020 2020 Rent Increase Guildlines: What it means for... August 29, 2019