New Construction NewsMarket InsightsMarket Stats Canada Building Permits Rise for 2nd Month by Nest & Castle August 3, 2020December 3, 2020 August 3, 2020December 3, 2020 The value of building permits in Canada rose 6.2 percent from a month earlier to CAD 8.1 billion in June 2020, following an upwardly revised 21.6 percent gain in the previous month, as the CAD 687 million Oakridge Centre mixed use redevelopment project in the city of Vancouver helped raise the total national value of building permits to a level comparable to pre-COVID levels. The total value of residential permits increased 7 percent to CAD 5.3 billion, with gains posted in six provinces. The value of permits for single-family homes advanced 6.6 percent to CAD 2.1 billion and for multi-family dwellings rose for the third consecutive month (7.3 percent to CAD 3.2 billion) due to major projects in the census metropolitan area of Vancouver. Also, non-residential permits went up 4.6 percent to CAD 2.7 billion, boosted by institutional permits (47.7 percent to CAD 841 million). On a quarterly basis, the value of permits dropped 17.4 percent compared to the same period of 2019. 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 Template: Market Stats: City Month Year next post Canada Housing Starts Highest in Near 3 Years You may also like Canada Housing Starts Jump to 1-1/2-Year High July 15, 2019 Canada Housing Starts Beats Estimates in November December 15, 2018 Canada Building Permits Fall the Most in Over... June 3, 2020 First Look: Thirty Six Zorra August 14, 2019 Canada Housing Starts Fall Less than Expected August 15, 2019 Oakville Average Home Price YOY Up 13.08% December 5, 2020 Canada Building Permits Fall the Most in 4... November 15, 2019 Template: Market Stats: City Month Year July 23, 2020 Canada Housing Starts Lowest in Over a Year May 15, 2020