The total value of building permits in Canada shrank by 18.8% from a month earlier to $9.6 billion in April 2023, after an upwardly revised 12.3% growth in the previous month and well below market estimates of a 5% fall. This was the lowest level since December 2020, as the non-residential segment slumped by 34.6% to a $3.4 billion, following a record high of $5.2 billion in March, with declines in all components: industrial (-49.6%), commercial (-40.2%) and institutional (-1.6%). Also, construction intentions in the residential sector went down (-6.1% to $6.1 billion), due mainly to decreases in Ontario (-10.5% or -$296.4 million). source: Statistics Canada

Building Permits in Canada averaged 2838650.91 CAD Thousand from 1950 until 2023, 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 June of 2023.

Building Permits in Canada is expected to be 10704790.00 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.

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Canada Value of Building Permits



Calendar GMT Actual Previous Consensus TEForecast
2023-05-10 12:30 PM Mar 11.3% 5.5% -2.9% 1.4%
2023-06-06 12:30 PM Apr -18.8% 12.3% -5% -6.6%
2023-07-10 12:30 PM May -18.8%


Related Last Previous Unit Reference
Building Permits 9553577.00 11765729.00 CAD Thousand Apr 2023
Housing Index 124.80 124.90 points Apr 2023
Home Ownership Rate 66.50 66.80 percent Dec 2021

Canada Value of Building Permits
In Canada, building permits refer to the value of permits issued for new buildings, alterations, additions, and renovations that includes expenditures on materials, labour, profit, and overheads. The value is based on a survey of 2,400 municipalities, representing 95% of the country's population. Building permits provide an early indication of construction activity in Canada but the issuance of a permit doesn't guarantee that construction is imminent.
Actual Previous Highest Lowest Dates Unit Frequency
9553577.00 11765729.00 12658480.00 57056.00 1950 - 2023 CAD Thousand Monthly
Current Prices, SA

News Stream
Canada Building Permits Fall the Most Since December 2020
The total value of building permits in Canada shrank by 18.8% from a month earlier to $9.6 billion in April 2023, after an upwardly revised 12.3% growth in the previous month and well below market estimates of a 5% fall. This was the lowest level since December 2020, as the non-residential segment slumped by 34.6% to a $3.4 billion, following a record high of $5.2 billion in March, with declines in all components: industrial (-49.6%), commercial (-40.2%) and institutional (-1.6%). Also, construction intentions in the residential sector went down (-6.1% to $6.1 billion), due mainly to decreases in Ontario (-10.5% or -$296.4 million).
2023-06-06
Canada Building Permits Unexpectedy Rise
The total value of building permits in Canada soared by 11.3% from a month earlier to $11.8 billion in March 2023, after a downwardly revised 5.5% growth in the prior month. Figures came well above market forecasts of a 2.9% slump, as the non-residential segment jumped by 32% to a record high of $5.2 billion, with rises in the industrial (+16.7%), commercial (+41.5%) and institutional (29.5%) components. However, construction intentions in the residential sector stalled (-0.9% to $6.6 billion), due mainly to declines in Ontario (-8.1% or -$246.6 million) and Saskatchewan (-27.0% or -$12.7 million).
2023-05-10
Canadian Building Permits Rise More than Expected
The total value of building permits in Canada advanced 8.6% from a month earlier to $10.7 billion in February 2023, after a downwardly revised 3.7% slump in the prior month. Figures came well above market forecasts of a 2% rise. The non-residential segment jumped 9.8% to $4.2 billion, the highest non-residential value since February 2022, as gains in the industrial (+42.0%) and commercial (+6.2%) components more than offset losses in the institutional one (-7.6%). Also, construction intentions in the residential sector rose significantly (+7.9% to $6.6 billion), driven by a notable 13.6% rise in the multi-family component. Meanwhile, construction intentions in single-family homes remained stable (+0.5%). Among Canada’s major provinces, seven reported monthly increases, with notable gains in Ontario (+10.7%) and Alberta (+25.6%).
2023-04-04