{"id":11792,"date":"2023-01-17T03:40:28","date_gmt":"2023-01-17T11:40:28","guid":{"rendered":"https:\/\/essential.construction\/news\/building-permits-rebound-strongly-in-november\/"},"modified":"2023-01-17T03:40:29","modified_gmt":"2023-01-17T11:40:29","slug":"building-permits-rebound-strongly-in-november","status":"publish","type":"post","link":"https:\/\/essential.construction\/news\/building-permits-rebound-strongly-in-november\/","title":{"rendered":"Building permits rebound strongly in November"},"content":{"rendered":"

\"-\"<\/a>
\n<\/p>\n

\n
\n

(Source: Statistics Canada Table 34-10-0066-01). Building permits, by type of structure and type of work.<\/p>\n<\/div>\n

The total value of building permits in Canada jumped 14.1 per cent to reach $11 billion in November. This was a significant rebound that comes on the heels of consecutive monthly losses in October and September, reports Statistics Canada.<\/p>\n

The value of residential permits increased 13.7 per cent to $7.1 billion across Canada in November. For single-family homes, the value of permits increased more than seven per cent to go north of $3 billion. That segment had experienced four months of decline leading into November. Seven provinces posted gains in the single-family unit category, contributing to over $200 million of gains across the country.<\/p>\n

Multi-family dwellings, which grew by 19 per cent to over $4 billion, had the biggest impact on residential permits. Ontario was the biggest mover with 21 permits for new condos and apartments valued at over $10 million. The total number of planned units in Ontario grew 60 per cent month-over-month and contributed to over $653 million of gains in the multi-family dwelling component, across Canada.<\/p>\n

www.statcan.gc.ca<\/a><\/p>\n

\u00a0<\/p>\n<\/div>\n