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.

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Canada Value of Building Permits

Actual Previous Highest Lowest Dates Unit Frequency
9449739.00 8075335.00 9595965.00 57056.00 1950 - 2020 CAD Thousand Monthly
Current Prices, SA


Calendar GMT Actual Previous Consensus TEForecast
2020-07-31 12:30 PM Jun 6.2% 21.6% 6%
2020-08-31 12:30 PM Jul -3% 5.7% 5.5% 5%
2020-10-01 12:30 PM Aug 1.7% -1.6% 0.7%
2020-10-29 12:30 PM Sep 17% 1.4% 1.1%
2020-11-30 01:30 PM Oct
2020-12-24 01:30 PM Nov


News Stream
Canada Building Permits Rise the Most in Over 11 Years
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.
2020-10-29
Canada Building Permits Rebound in August
The value of building permits in Canada rose 1.7 percent from a month earlier to CAD 8.1 billion in August 2020, rebounding from a downwardly revised 1.6 percent drop in the previous month. This mainly reflected an increase in the residential sector in Ontario and Quebec. The total value of residential permits increased 7.1 percent to CAD 5.6 billion, as permits issued for single family homes went up by 9.9 percent and those for multi-family dwellings advanced by 5 percent. On the other hand, non-residential permits declined 8.6 percent to CAD 2.5 billion, as a drop in commercial (-14.7 percent to CAD 1.4 billion) and institutional (-5.8 percent to CAD 0.6 billion) permits offset an increase in industrial (7.5 percent to CAD 0.5 billion).
2020-10-01
Canada Building Permits Fall 3% MoM in July
The value of building permits in Canada declined 3 percent from a month earlier to CAD 7.8 billion in July of 2020, following a downwardly revised 5.7 percent rise in June and against market expectations of a 5.5 percent rise. This mainly reflected notable decreases in British Columbia (-34.2 percent), Quebec (-15.1 percent) and Newfoundland and Labrador (-19 percent). The total value of residential permits fell 6.2 percent to CAD 5.1 billion, largely because of the decline in British Columbia (-39.4 percent). The value of permits for multi-family dwellings tumbled 47.8 percent to CAD 0.5 billion, its lowest level since the onset of the pandemic in March. Meanwhile, those for single-family homes increased 3.9 percent to CAD 2.2 billion. On the other hand, non-residential permits rose 3.3 percent to CAD 2.7 billion, as a surge in commercial permits (29.9 percent) offset declines in industrial (-15.7 percent) and institutional ones (-24.2 percent).
2020-08-31
Canada Building Permits Rise for 2nd Month
The value of building permits in Canada rose 6.2 percent from a month earlier to CAD 8.1 billion in June 2020, following an upwardly revised 21.6 percent gain in the previous month, as the CAD 687 million Oakridge Centre mixed use redevelopment project in the city of Vancouver helped raise the total national value of building permits to a level comparable to pre-COVID levels. The total value of residential permits increased 7 percent to CAD 5.3 billion, with gains posted in six provinces. The value of permits for single-family homes advanced 6.6 percent to CAD 2.1 billion and for multi-family dwellings rose for the third consecutive month (7.3 percent to CAD 3.2 billion) due to major projects in the census metropolitan area of Vancouver. Also, non-residential permits went up 4.6 percent to CAD 2.7 billion, boosted by institutional permits (47.7 percent to CAD 841 million). On a quarterly basis, the value of permits dropped 17.4 percent compared to the same period of 2019.
2020-07-31

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. .