New Construction NewsMarket InsightsMarket Stats Canada Building Permits Unexpectedly Rise in August by Nest & Castle October 15, 2019December 3, 2020 October 15, 2019December 3, 2020 The value of building permits in Canada increased 6.1 percent from a year earlier to CAD 9.0 billion in August 2019, following an upwardly revised 3.2 percent gain in the previous month and above market forecasts of a 1 percent fall. The value of permits for multi-family dwellings advanced 18.8 percent to CAD 3.3 billion, over half of these gains were in British Columbia, largely because of a high-value permit in the census metropolitan area (CMA) of Vancouver. Also, the value of permits for single-family dwellings went up 3.2 percent to CAD 2.4 billion, led by Ontario. In addition, industrial permits were the only component in the non-residential sector to increase in value, rising 18.9 percent to CAD 675 million, driven by a high-value permit for a bio-pharmaceutical company in the CMA of Toronto. Meanwhile, the value of commercial permits fell 5.9 percent to CAD 1.9 billion. 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 by Solmar Development Mississauga next post Canada Housing Starts Beat Forecasts You may also like Canada Housing Starts Lowest in Over a Year May 15, 2020 Canada Housing Starts Fall More than Expected November 15, 2019 Amid Affordability Concerns, Demand for Toronto Condos Intensifies July 23, 2019 Canada Building Permits Fall More than Expected in... July 15, 2019 Canada Building Permits Rebound in August October 3, 2020 Canada Housing Starts Highest in Near 3 Years August 15, 2020 Canada Building Permits Fall More than Expected November 3, 2020 Canadian seasonally adjusted housing starts fell to 213,419... January 15, 2019 Canada Housing Starts Highest in Nearly 13 Years September 15, 2020