New Construction NewsMarket InsightsMarket Stats Canada Building Permits Fall the Most since 2017 by Nest & Castle March 15, 2019December 3, 2020 March 15, 2019December 3, 2020 The value of building permits in Canada slipped 5.5 percent from the prior month to CAD 8.4 billion in January 2019, following an upwardly revised 6.4 percent jump in the prior month and worse than market estimates of a 5 percent decline. It is the largest monthly decrease in building permits since November 2017. The value of permits issued for non-residential building slumped 15.8 percent month-over-month to CAD 3 billion, amid lower construction intentions for commercial buildings which fell 25.3 percent to CAD 1.8 billion, after a record high in December. Conversely, increases were reported for both the industrial (4.8 percent) and institutional (0.4 percent) components. Meantime, in the residential sector, the value of building permits rose 1.6 percent to CAD 5.4 billion, as both single-family (3.1 percent) and multi-family dwellings (0.7 percent) posted gains. The total value of building permits fell in five provinces in January, led by British Columbia (-24.3 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 Mobilio Condos – Menke’s newest master planned community located at the heart of the Vaughan Metropolitan Centre next post Canada Housing Starts Lowest Since 2015 You may also like October 1, 2020 Canada Housing Starts Drop More than Expected October 15, 2020 Canada Housing Starts Unexpectedly Rise in May June 15, 2020 Canada Building Permits Fall 13.2% MoM in March May 15, 2020 New GTA home sales sizzled in July says... August 27, 2019 Canada Housing Starts Lowest in 7 Months January 15, 2020 Canada Building Permits Fall the Most in Over... June 3, 2020 Canada Building Permits Unexpectedly Fall December 3, 2019 Canada Housing Starts Rise More than Expected in... July 15, 2020