Building permits in Canada increased 8.2 percent to an all-time high of CAD 9.9 billion in January of 2021. Figures beat forecasts of a 3.5 percent gain, mainly driven by the residential sector as people move away from big cities due to the coronavirus pandemic. The value of permits issued in the residential sector increased 10.6 percent to CAD 7.1 billion, attributable to single-family homes, which climbed 15.1 percent to a record CAD 3.5 billion. Much of the gain came from regions outside of census metropolitan areas. Multi-family permits increased 6.5 percent to CAD 3.5 billion, mainly driven by higher construction intentions in Ontario. The total value of permits issued for non-residential buildings rose 2.6 percent to CAD 2.8 billion. source: Statistics Canada
Building Permits in Canada averaged 2581322.15 CAD Thousand from 1950 until 2021, reaching an all time high of 9904015 CAD Thousand in January of 2021 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 March of 2021.
Building Permits in Canada is expected to be 8100000.00 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 8250000.00 in 12 months time. In the long-term, the Canada Value of Building Permits is projected to trend around 8350000.00 CAD Thousand in 2022, according to our econometric models.