New Construction NewsMarket InsightsMarket Stats Canada Building Permits Fall the Most in 4 Months by Nest & Castle November 15, 2019December 3, 2020 November 15, 2019December 3, 2020 The value of building permits in Canada declined 6.5 percent from a year earlier to CAD 8.3 billion in September 2019, following a downwardly revised 5.6 percent rise in the previous month and more than an expected 2 percent fall. This is the largest decline in the value of building permits since May, led by the residential sector (-10.7 percent to CAD 5.1 billion). The value of permits for multi-family dwellings fell 12.1 percent to CAD 2.9 billion, with declines in eight provinces, except Nova Scotia and Alberta. Also, the value of permits for single-family dwellings fell 8.7 percent to CAD 2.2 billion, largely due to a decrease in Ontario (-CAD 196 million). In contrast, the value of non-residential permits rose 0.9 percent to CAD 3.2 billion, boosted by a 6.1 percent gain in the commercial segment, mainly attributable to several high-value permits for office buildings in the census metropolitan area (CMA) of Vancouver. 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 Clean Environment next post Canada Housing Starts Fall More than Expected You may also like Canada Housing Starts Unexpectedly Rise in May June 15, 2020 Canada Building Permits Fall More than Expected November 3, 2020 Canada Housing Starts Highest in Near 3 Years August 15, 2020 Did you know that VAUGHAN is a Seller’s... October 13, 2020 Canada Housing Starts Beat Forecasts October 15, 2019 Canada Building Permits Fall the Most since 2017 March 15, 2019 THE OAKVILLE MARKET IS FLOURISHING. October 13, 2020 Canada Housing Starts Beats Estimates in November December 15, 2018 Canadian seasonally adjusted housing starts fell to 213,419... January 15, 2019