The single-family home has long been a symbol of the middle-class dream, but its prominence on the Canadian real estate landscape is fast fading away, with the latest sign of its demise coming in the form of a prolonged slump in building permits.
In fact, the real value of permits for single-family homes – once the largest construction segment for permits – has now fallen below that of the commercial sector, which includes the beleaguered retail and office sectors.
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