Building Permits in January

March 4, 2010

Building permits by Colleen Lane

From December 2009 to January 2010, the value of building permits in the Toronto area increased again. The rise was 18.3 percent over the month, a new release by Statistics Canada claims. $1.18 billion worth of permits were taken during the first month of this year in Toronto.

There was growth reported in residential and also non-residential sectors. In compression with January 2009, the value of building permits in Toronto area was up by 27 percent. We are doing great, I must say, especially in comparison with other parts of our country.

In Canada overall, the data about building permits are not so positive. The value of permits actually decreased by 4.9 percent from December 2009 to January 2010. According to Statistics Canada, the value of building permits decline in 18 of 34 monitored census metropolitan areas. The biggest increase was exactly here in Toronto. On the other hand, the most significant decline was reported in Calgary and Vancouver. Good for Toronto, really.

You might also like

1. December Building Permits in Toronto
2. Toronto Building Permits Increased
3. New Home Prices in January
4. Canada Economic Indicators In January
5. Resale Home Prices in Canada

Posted in Toronto Real Estate News | No Comments »