Uploaded on December 15, 2007
by wili_hybrid

A solid gain in commercial and institutional development in the Toronto area wasn’t enough to offset a fall in the residential sector, and building permits took a double-digit tumble in May.

The 12.2 per cent drop took permits to $1.08 billion, due mostly to the volatile condominium sector, Statistics Canada said yesterday.

The multiple-unit segment fell 43 per cent to $316 million from $550 million a month earlier. A fivefold spike in development intentions for schools and hospitals to $103 million in May did little to blunt the fall.

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Direct Sunny South View With 14-Foot Ceilings Live/Work Space. Exposed Concrete Ceilings, Floor-To-Ceiling Windows, Fluted Columns, Huge Bright Open Spaces. Engineered Hardwood Floating Floor Throughout. Large W/I Clst & 4 Pce Ens (Sep Glass Block Shower Stall, Deep Jacuzzi Soaker Tub & Marble Floor). Underground, Parking pad. Public Roof Top Terrace With Stunning Views of the City. Pet Friendly.

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Sales person
Phone: 905 896 4622
Cell: 416 697 0192
mailto:mira@ssgmac.ca
http://www.mirarealestate.com