Building Permits

Adrian Wyld/CP

Canada Has A Housing Shortage. So Why's It Punishing Homebuyers?

Something happened in Toronto's housing market over the past year that really shouldn't happen in a free market. As home prices shot through the roof, the number of homes being built in the city dropped dramatically. Vancouver seems to be experiencing a similar problem. So what's going on here? Why is the supply of housing not keeping up with demand, even though there is so much money to be made? The answer, according to a growing number of experts, is that local policies and public opposition to development are killing off home construction, causing home prices to skyrocket.
Shutterstock / ValeStock

Booming Again

OTTAWA - Statistics Canada says municipalities issued $7 billion worth of building permits in January, up 8.5 per cent from December.The agency says the increase in January came from higher constructi...
Getty

Down 21%

OTTAWA - Statistics Canada says municipalities issued $6.3 billion worth of building permits in August, down 21.2 per cent from July.The agency says the decline, which followed a 21.4 per cent increas...
CP

Uh Oh: Building Permits PLUNGE

OTTAWA - The value of building permits issued by municipalities in June totalled $6.6 billion, down 10.3 per cent from May, Statistics Canada said Wednesday.The federal agency said it was the first de...
Getty

The Building Boom Is Back

OTTAWA -- Statistics Canada says municipalities issued $7.3 billion worth of building permits in May, up 4.5 per cent from April. The agency says it was the fifth consecutive monthly increase and was...