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Housing represents decline in construction values

Housing construction this year has dropped $3.78 million from 2019
building permits getty images
(Getty Images)

Contractions in the new housing market account for this year's decline in city building permit values.

Permits to the end of August worth $12.06 million fell $2.78 million from $14.84 million last year.

Housing construction this year has dropped $3.78 million from 2019.

Only 10 houses worth $3.44 million have been started this year compared with 20 worth $7.22 million last year.

In August three houses worth just over $1 million were started.

Major permits issued in August include $174,000 for a commercial building at 73 Hochelaga Street East, $260,000 for an industrial building at the 1750 Stadacona Street West truck wash, and $40,000 for a retail building at 240 High Street West.

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