- Analytics
- News and Tools
- Market News
- Canadian municipalities issued $8.1 billion in building permits in December, up 4.8%
Canadian municipalities issued $8.1 billion in building permits in December, up 4.8%
Canadian municipalities issued $8.1 billion in building permits in December, up 4.8% following a 7.3% decline in November. The December increase stemmed from higher construction intentions in the residential sector. Across Canada, all components climbed in 2017, up 10.4% from the previous year, led by the multi-family dwelling component.
Construction intentions for single-family homes led the rise in December. Canadian municipalities issued $2.8 billion in permits for single-family dwellings, rising 8.9% from the previous month and the largest month-over-month increase in 2017. Ontario reported the largest gain, up 15.7% from the previous month. Permits issued for new single-family housing developments in the census metropolitan areas (CMAs) of Kitchener-Cambridge-Waterloo and Barrie helped offset the 12.1% decline in the CMA of Toronto.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
