Residential building permit applications increased by 8.7 per cent in value terms in July, reaching $5 billion, but down from the 16.7 per cent increase seen in June. Multi-family dwellings amounted to $2.5 billion, up 14.3 per cent but down from the 37 per cent rise seen in June; single-family homes made up the other $2.5 billion with a smaller increase of 3.6 per cent.
In volume terms municipalities approved the construction of 19,555 new dwellings in July, up 10.6 per cent from June. The increase came from both multi-family dwellings, which rose 13.5 per cent to 13,384 new units, and single-family dwellings, which increased 4.8 per cent to 6,171 new units.
Including non-residential permits, the national figure was down in July from the month before; down 0.6 per cent to $7.7 billion in July, following a 15.5 per cent increase in June. Lower construction intentions in the non-residential sector, mainly in Ontario and Alberta, accounted for much of the decrease at the national level.
MBN
About Me
- Jackie Goodlet, Broker
- GTA, Ontario, Canada
- A New Sales Record Has Been Achieved By The Jackie Goodlet Team Who Work Out Of The Whitby Office And Specializes In High End Resale And New Home Sales. According To Broker Dave Pearce The Jackie Goodlet Team Wrote More Transactions Than Anyone Else In The 30 Year History Of Our Firm. Their 255 Transactions Had A Total Volume Of More Than $185,000,000 (185 Million). With Over 25 Years Experience In The Business The Jackie Goodlet Team Has Acquired A Wealth Of Knowledge In All Areas Of Real Estate Including Resale, New Builds, Cottages, Lease, Condos, Vacant Land, Investment And Commercial Properties. With Exceptional Negotiating Skills We Are Confident We Can Save You Time And Money On All Your Real Estate Endeavours. We Look Forward To Hearing From You And Your Referrals Are Always Welcome And Rewarded!
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