AGENT LICENSE ID
M15000217
BROKERAGE LICENSE ID
12557
![Yongquan(Victor) Jiang Mortgage Agent](https://agentphotos.mortgageweb.ca/3624_profile.png)
Yongquan(Victor) Jiang
Mortgage Agent
Office:
Phone:
Address:
235 Yorkland Blvd,suite 1205, Toronto, Ontario
Residential permits continue to trend down since March peak
10/7/2021
Residential permits decreased 8.3% to $6.4 billion in August, the lowest level since March. Ontario and British Columbia drove most of the decline.
Construction intentions for multi-family units fell 15.9%, largely reflecting Ontario's decline (-24.3%). This was despite the approval of high value condominium projects in the city of Toronto.
In contrast, single family intentions were up slightly (+1.2%), led by a 15.7% gain in Quebec. Additionally, Newfoundland and Labrador (+0.7%) reported the first provincial increase in this component after six consecutive monthly declines.