The value of building permits in Canada jumped 17% from a month earlier to an over one-year high of CAD 9.4 billion in September 2020, following a downwardly revised 1.4% gain in August. It was the largest rise in the value of building permits since March 2009, amid the easing of coronavirus restrictions. The total value of residential permits issued increased 6.9% to CAD 6.0 billion, as permits issued for single family homes increased 8.9% to CAD 2.8 billion and those for multi-family dwellings went up 5.2% to CAD 3.3 billion. Also, the total value of non-residential permits soared 40.6% to CAD 3.4 billion, driven by industrial (+49.1%), commercial (+42.3%) and institutional (+30.2%). Considering the third quarter as a whole, the value of building permits jumped 16.5%, almost returning to levels observed in Q4 2019. This was the largest gain since 2009 when the economy was recovering from the 2008 financial crisis and possibly reflected the issuance of permits delayed due to COVID-19. source: Statistics Canada
Building Permits in Canada averaged 2549724.66 CAD Thousand from 1950 until 2020, reaching an all time high of 9595965 CAD Thousand in April of 2019 and a record low of 57056 CAD Thousand in November of 1951. This page provides - Canada Building Permits - actual values, historical data, forecast, chart, statistics, economic calendar and news. Canada Value of Building Permits - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.
Building Permits in Canada is expected to be 7970000.00 CAD Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Building Permits in Canada to stand at 8230000.00 in 12 months time. In the long-term, the Canada Value of Building Permits is projected to trend around 8250000.00 CAD Thousand in 2021 and 8350000.00 CAD Thousand in 2022, according to our econometric models.