Canadian building permits rose by 6.8% in November to an all-time-high of 11.2 billion CAD, the third straight monthly increase demand for residential housing remained strong. … READ MORE >
building permits
Chart of the day: Housing starts lag as permits rise
Mixed results came from the housing sector in October as housing starts inched down by 0.7% while building permits rose sharply by 4.0% on the month. … READ MORE >
Building permits in Canada continued to fall with material shortages
The value of building permits in Canada decreased by 2.1% in August from July to a seasonally adjusted 9.66 billion Canadian dollars as developers continued to feel the effect of supply and labour shortages. … READ MORE >
Home builders, facing shortage of materials, can’t meet soaring demand
Even as the housing market continues to lead the U.S. economic recovery, home builders, whipsawed by more than a year of dramatic changes fueled by the pandemic, are facing new pressures as they try to meet surging demand. … READ MORE >