The Hottest New Housing Developments to Watch out forMarket InsightsMarket Stats Canada Building Permits Rise the Most in Over 11 Years by Nest & Castle June 3, 2020December 3, 2020 June 3, 2020December 3, 2020 The value of building permits in Canada jumped 20.2 percent from a month earlier to CAD 7.4 billion in May 2020, rebounding from a 15.4 percent plunge in the previous month and beating market expectations of a 15 percent rise. It was the largest increase in the value of building permits since March 2009, amid the easing of coronavirus construction restrictions in Ontario, Quebec and Prince Edward Island. The total value of residential permits advanced 18.7 percent to CAD 4.8 billion, as single-family homes rose by a record CAD 518 million (+37.5 percent) and the value of permits for multi-family dwellings increased 9 percent to CAD 2.9 billion, driven by projects in the Montréal and Vancouver census metropolitan areas. Also, the value of commercial permits was up 20.8 percent to CAD 1.5 billion in May, boosted by industrial permits (57.6 percent), commercial (20.8 percent) and institutional (2.8 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 Canada Housing Starts Lowest in Over a Year next post Canada Building Permits Fall the Most in Over 11 Years You may also like Canada Building Permits Fall the Most since 2017 March 15, 2019 What is the Cooling Off Period? December 17, 2020 Canada Building Permits Rise for 2nd Month March 15, 2020 Canada Building Permits Rise for 2nd Month August 3, 2020 Canada Housing Starts Highest in Nearly 13 Years September 15, 2020 Montreal’s luxury market expected to enjoy strong numbers... October 3, 2019 Canderel Proposes 66-Storey Mixed-Use Tower at 1075 Bay February 21, 2019 First Look: Thirty Six Zorra August 14, 2019 October 1, 2020