See the Complete Picture.
Get Started
SubscribeLogin
Israel-Hamas Conflict
Pope Leo XIV
Pope Francis
Mother's Day
Catholic Church
Vatican
World War II
Artificial Intelligence
Social Media
European Union
Military
Parade
Stock Markets
Published • loading... • Updated

Buyers 'on the sidelines' holding down London building permit numbers

Summary by Ground News
The number of building permits issued in 2023 is down sharply from the previous year. London has pledged to build 47,000 new residential units by 2031. High interest rates and construction costs are making it higher to get financing for large projects. The Bank of Canada held its benchmark rate at five per cent in October.

1 Articles

All
Left
1
Center
Right
CBC NewsCBC News
Lean Left

Buyers 'on the sidelines' holding down London building permit numbers

Despite facing a housing crisis, the City of London will see fewer building permit applications this year, a situation builders said is mainly due to high interest rates cooling the market for new homes.

·Canada
Read Full Article
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 100% of the sources lean Left
100% Left
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

CBC News broke the news in Canada on Monday, December 4, 2023.
Sources are mostly out of (0)
Stories disproportionately reported by the Left or the Right

Similar News Topics

City of London

City of London

News
For You
SearchBlindspotLocal