Value of residential permits issued across Canada increases in January

In a sign of new building and remodeling the price of building permits has increased in Canada. The increase is measured at 12.7% increase from the previous year’s fees. There are many regions in the nation that are growing rapidly expanding the amount of new building activities like Vancouver and Ontario, and even Quebec. The values of increases was not universal across the country and grew more in hot spots like British Columbia and less in Alberta.

Key Takeaways:

  • Significantly, permits for multi-family dwellings were up 17.1% to $3.4 billion in January.
  • The census metropolitan area of Brantford in Ontario reported the largest increase in the value of permits for single-family dwellings by 340.9% to $41 million, a record high for the area.
  • Declines were reported in Ontario, Quebec, New Brunswick, and Prince Edward Island.

“The value of building permits issued across Canada’s residential sector has increased considerably at the start of the year.”

Read more:


More Posts

no interest rate hikes

Independent Mortgage Planner

Who Should You Get Your Mortgage Through? Hi Everyone, this is Aleem Peermohamed – The Mortgage Specialist Vancouver BC. One of my existing clients, who

Four Reasons To Save Money

Four Reasons To Save Money It’s not rocket science -everyone should be saving money regardless of how much you are making. The concept of saving

Mortgage Check-Up?

Eight out of Ten Canadians make a trip to the doctor at least once a year to help ensure they remain physically healthy. But how

Send Us A Message

Scroll to Top