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 Sugar Wharf 3 By Menkes Development September 14, 2019 TC4 Condos at the Vaughan Metropolitan Centre by... March 16, 2019 Oro Condos At Edge Towers Mississauga February 3, 2020 Exchange District Condos April 28, 2019 Canada Housing Starts Fall Less than Expected August 15, 2019 1 Square Phillips Condos Montreals Tallest Residential Building... June 9, 2019 Exchange District Condos Mississauga Square One May 2, 2019 Canada Housing Starts Fall Less than Expected January 4, 2020 Vaughan Townhouse Prices up 15.81% December 5, 2020