The value of building permits in Canada increased 7.4 percent from a month earlier to CAD 8.7 billion in December 2019, rebounding from an upwardly revised 3.5 percent decline in the previous month and above market forecasts of a 2.3 percent gain. The value of residential permits advanced 6.8 percent to CAD 5.04 billion, as a rise the multi-family segment (15.9% to CAD 2.87 billion) more than offset a decline in single-family dwellings (-3.2% to CAD 2.2 billion). Additionally, the value of permits in the non-residential sector increased 8.3 percent to CAD 3.63 billion, driven by commercial permits (19.7% to CAD 2.0 billion) largely due to plans for the multi-use commercial development, "Royalmount"; and institutional permits (10.8% to CAD 1.0 billion, its highest level since September 2017), due to redevelopment of the Centre for Addiction and Mental Health in Toronto. Considering full 2019, the value of building permits went up 2.6 percent compared to 2018.

Building Permits in Canada averaged 2489001.73 CAD Thousand from 1950 until 2019, reaching an all time high of 9477516 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. source: Statistics Canada

Building Permits in Canada is expected to be 1.50 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 8150000.00 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, according to our econometric models.


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Canada Value of Building Permits

Actual Previous Highest Lowest Dates Unit Frequency
8673001.00 8072823.00 9477516.00 57056.00 1950 - 2019 CAD Thousand Monthly
Current Prices, SA


Calendar GMT Actual Previous Consensus TEForecast
2019-11-08 01:30 PM Sep -6.5% 5.6% -2% -2.1%
2019-12-09 01:30 PM Oct -1.5% -5.9% 2.9% 4%
2020-01-09 01:30 PM Nov -2.4% -1.5% 1% 2.9%
2020-02-10 01:30 PM Dec 7.4% -3.5% 2.3% 1.1%
2020-03-09 12:30 PM Jan 7.4% 4%
2020-04-08 12:30 PM Feb
2020-06-10 12:30 PM Apr
2020-07-09 12:30 PM May


News Stream
Canada Building Permits Rebound in December
The value of building permits in Canada increased 7.4 percent from a month earlier to CAD 8.7 billion in December 2019, rebounding from an upwardly revised 3.5 percent decline in the previous month and above market forecasts of a 2.3 percent gain. The value of residential permits advanced 6.8 percent to CAD 5.04 billion, as a rise the multi-family segment (15.9% to CAD 2.87 billion) more than offset a decline in single-family dwellings (-3.2% to CAD 2.2 billion). Additionally, the value of permits in the non-residential sector increased 8.3 percent to CAD 3.63 billion, driven by commercial permits (19.7% to CAD 2.0 billion) largely due to plans for the multi-use commercial development, "Royalmount"; and institutional permits (10.8% to CAD 1.0 billion, its highest level since September 2017), due to redevelopment of the Centre for Addiction and Mental Health in Toronto. Considering full 2019, the value of building permits went up 2.6 percent compared to 2018.
2020-02-10
Canada Building Permits Fall 2.4% MoM in November
The value of building permits in Canada declined 2.4 percent from a month earlier to CAD 8.1 billion in November 2019, after falling 1.5 percent in the previous month and against market expectations of a 1 percent gain. The value of residential permits slumped (-4 percent to CAD 4.7 billion), as the decrease in the multi-family segment (-11.3 percent to CAD 2.5 billion) more than offset the rise in the single one (5.6 percent to CAD 2.3 billion). Also, the value of permits in the non-residential sector dropped (-0.1 percent to CAD 3.3 thousand), as a sharp decline in commercial permits component (-13.5 percent to CAD 1.7 billion) outweighed increases in both the industrial (24.5 percent to CAD 0.8 billion) and the institutional segments (14.5 percent to CAD 0.9 billion). The value of building permits were down in six provinces, led by Ontario (-5.7 percent to CAD 3.2 billion).
2020-01-09
Canada Building Permits Unexpectedly Fall
The value of building permits in Canada fell 1.5 percent from a year earlier to CAD 8.3 billion in October 2019, following a downwardly revised 5.9 percent decline in the previous month and missing market forecasts of a 2.9 percent rise. The value of residential permits dropped below CAD 5 billion for the first time since March 2019, as both single (-2.9 percent) and multi-family (-3.4%) dwellings went down. Additionally, the value of commercial permits decreased 5.3 percent to CAD 2 billion, as gains in eight provinces, led by Quebec (+ CAD 161 million), was not enough to offset a decline in British Columbia (CAD -317 million); and industrial permits fell 1.1 percent to CAD 604 million. On the other hand, institutional permits jumped 24.9 percent to CAD 765 million, driven by gains in Manitoba largely due to an expansion at Red River College (+CAD 79 million, its highest level since April 2003), and Ontario (+CAD 72 million).
2019-12-09
Canada Building Permits Fall the Most in 4 Months
The value of building permits in Canada declined 6.5 percent from a year earlier to CAD 8.3 billion in September 2019, following a downwardly revised 5.6 percent rise in the previous month and more than an expected 2 percent fall. This is the largest decline in the value of building permits since May, led by the residential sector (-10.7 percent to CAD 5.1 billion). The value of permits for multi-family dwellings fell 12.1 percent to CAD 2.9 billion, with declines in eight provinces, except Nova Scotia and Alberta. Also, the value of permits for single-family dwellings fell 8.7 percent to CAD 2.2 billion, largely due to a decrease in Ontario (-CAD 196 million). In contrast, the value of non-residential permits rose 0.9 percent to CAD 3.2 billion, boosted by a 6.1 percent gain in the commercial segment, mainly attributable to several high-value permits for office buildings in the census metropolitan area (CMA) of Vancouver.
2019-11-08

Canada Value of Building Permits
In Canada, building permits refer to the value of permits issued for new buildings, alterations, additions, renovations. It includes expenditures on materials, labour, profit and overheads. .