The total value of building permits in Canada soared by 14.1% from the previous month to CAD 11.03 billion in November of 2022, rebounding from the upwardly revised 5.3% decline in the corresponding period of the previous month and surprising markets that expected a 0.1% drop. Residential permits rose by 13.7%, supported by both multiple (19%) and single (7.1%) units. In the meantime, the value of non-residential permits rose by 14.9%, as sharp advances for those of industrial (32.4%) and institutional (40.6%) buildings offset the slight decrease for commercial units (-0.6%). source: Statistics Canada
Building Permits in Canada averaged 2795350.94 CAD Thousand from 1950 until 2022, reaching an all time high of 12658480.00 CAD Thousand in February of 2022 and a record low of 57056.00 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 January of 2023.
Building Permits in Canada is expected to be 10668482.00 CAD Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada Value of Building Permits is projected to trend around 10777392.00 CAD Thousand in 2024 and 10922597.00 CAD Thousand in 2025, according to our econometric models.