New Construction NewsMarket InsightsMarket Stats Canada Building Permits Rebound in December by Nest & Castle February 15, 2020December 3, 2020 February 15, 2020December 3, 2020 The value of building permits in Canada increased 7.4 percent from a month earlier to CAD 8.7 billion in December 2019, rebounding from an upwardly revised 3.5 percent decline in the previous month and above market forecasts of a 2.3 percent gain. The value of residential permits advanced 6.8 percent to CAD 5.04 billion, as a rise the multi-family segment (15.9% to CAD 2.87 billion) more than offset a decline in single-family dwellings (-3.2% to CAD 2.2 billion). Additionally, the value of permits in the non-residential sector increased 8.3 percent to CAD 3.63 billion, driven by commercial permits (19.7% to CAD 2.0 billion) largely due to plans for the multi-use commercial development, “Royalmount”; and institutional permits (10.8% to CAD 1.0 billion, its highest level since September 2017), due to redevelopment of the Centre for Addiction and Mental Health in Toronto. Considering full 2019, the value of building permits went up 2.6 percent compared to 2018. 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 Oro Condos At Edge Towers Mississauga next post Canada Building Permits Rise for 2nd Month You may also like Canada Housing Starts Beats Estimates in November December 15, 2018 Canada Building Permits Fall More than Expected November 3, 2020 Canada Housing Starts Rise Unexpectedly in August September 15, 2019 Canada Housing Starts Highest in Nearly 13 Years September 15, 2020 Canada Building Permits Rise the Most in Over... June 3, 2020 Amid Affordability Concerns, Demand for Toronto Condos Intensifies July 23, 2019 Canada Housing Starts Rise More than Expected in... July 15, 2020 Canada Building Permits Fall the Most in Over... June 3, 2020 THE MISSISSAUGA MARKET IS HOLDING STABLE. October 13, 2020