Building permits in Canada jumped 5.7 percent from a month earlier to a new record high of CAD 10.9 billion in March of 2021, following an upwardly revised 3.1 percent gain in the prior month and beating market expectations of a 2.0 percent gain. The latest reading pointed to the third straight month of record-setting increases, reflecting a boom in residential construction (15.9 percent to an historic CAD 8.1 billion), on account of multi-family dwellings (24.5 percent to CAD 4.3 billion) and single-family homes (7.6 percent to CAD 3.8 billion). On the other hand, the value of non-residential permits fell 15.6 percent to CAD 2.8 billion, mainly dragged by the institutional (-33.5 percent to CAD 0.7 billion) and the commercial (-14.6 percent to CAD 1.5 billion) segments. source: Statistics Canada
Building Permits in Canada averaged 2591864.74 CAD Thousand from 1950 until 2021, reaching an all time high of 10150320 CAD Thousand in February 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 May of 2021.
Building Permits in Canada is expected to be 9200000.00 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.