Found 3 blog entries tagged as residential building.

historic home

A historic home is a unique opportunity for homeowners to live in a local piece of history and maintain a beautifully built house. But they also come with issues that newer homes do not have. Before you commit to owning a historic home, it is crucial that you understand what you are getting yourself into and are prepared for the care that your home will require.

What is a Historic Home?

Historic homes are residential buildings that have some form of heritage value. This category can include private homes, commercial buildings that contain residential units, landmarks, and entire districts and neighbourhoods if they meet certain criteria.

To be considered “historic,” a home needs to be at least 50 years old (with some…

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Canadian real estate has outgrown productive investment, and it’s not slowing down. Statistics Canada (Stat Can) data shows building permits, considered a leading indicator for future building intentions, climbed in November. The growth is entirely attributed to home building, now running 50% above pre-2020. More housing is nice, but Canada is already sinking more investment into housing than businesses. The acceleration of this trend shows it’s not even considering a slow down.

Canadian Building Intentions Have Increased 7%

The total of building permits made a sharp increase in the latest data. Building permits reached $11.2 billion in November, up 6.8% seasonally adjusted from a month before. In current dollars, this is a new record high and…

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Canada is planning a lot of new construction activity, but it’s not housing they’re looking to build. Statistics Canada (Stat Can) data shows the building permit values soared in October. The increase in permits, a leading indicator of future building activity, was due to non-residential building. Residential building actually weighed down the aggregate, falling further into its correction. A drop in permits for new homes in BC and Ontario is entirely behind the decline.

Canadian Building Permits Surged Higher To $10 Billion

Canadian building permits showed a sharp increase and generally remain elevated. The seasonally adjusted value of permits reached $10.3 billion in October, up 1.3% from the previous month. When adjusted for inflation, growth…

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