OTTAWA — The total value of building permits rose 12.9 percent to $9.4 billion in November, according to StatCan, the third highest value on record. Much of this growth was led by large permits for multi-family dwellings in British Columbia and Ontario and an office building in the city of Toronto.
The value of residential permits rose to new heights in November, increasing 10 percent to $6.4 billion and breaking the previous record set in September 2020. Every province posted gains in this sector except for Nova Scotia and Prince Edward Island, which reported slight declines. Single-family permits for the month increased 4.4 percent to $2.8 billion, continuing the strong upward trend observed over the past six months with values well above pre-COVID levels since August 2020
