The value of building permits in Canada slumped 14.8% mom to CAD 9.5 billion in May of 2021, following four consecutive months of record highs. Every component was down, with multi-family dwellings in Ontario accounting for nearly three-fifths of the overall national decline. The value of permits issued in the residential sector pulled back 16.0% to CAD 6.5 billion, as permits for multi-family dwellings dropped 20.6% to CAD 3.3 billion in May, the lowest value since August 2020. Construction intentions for the non-residential sector were down 12.2% to CAD 3.0 billion, with Ontario and Quebec falling 21.5% and 22.9% respectively. source: Statistics Canada

Building Permits in Canada averaged 2620097.86 CAD Thousand from 1950 until 2021, reaching an all time high of 11115344 CAD Thousand in April 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 July of 2021.

Building Permits in Canada is expected to be 10017123.00 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 10206018.00 in 12 months time. In the long-term, the Canada Value of Building Permits is projected to trend around 10331948.00 CAD Thousand in 2022 and 10583808.00 CAD Thousand in 2023, according to our econometric models.

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Canada Value of Building Permits

Actual Previous Highest Lowest Dates Unit Frequency
9467239.00 11115344.00 11115344.00 57056.00 1950 - 2021 CAD Thousand Monthly
Current Prices, SA


Calendar GMT Actual Previous Consensus TEForecast
2021-04-01 12:30 PM Feb 2.1% 6.9% -1.4% -1.6%
2021-05-04 12:30 PM Mar 5.7% 3.1% 2% 1.5%
2021-06-02 12:30 PM Apr -0.5% 7.6% -4.8% -4.5%
2021-07-02 12:30 PM May -14.8% 0.2% -0.3% -1.5%
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News Stream
Canada Building Permits Plunge in May
The value of building permits in Canada slumped 14.8% mom to CAD 9.5 billion in May of 2021, following four consecutive months of record highs. Every component was down, with multi-family dwellings in Ontario accounting for nearly three-fifths of the overall national decline. The value of permits issued in the residential sector pulled back 16.0% to CAD 6.5 billion, as permits for multi-family dwellings dropped 20.6% to CAD 3.3 billion in May, the lowest value since August 2020. Construction intentions for the non-residential sector were down 12.2% to CAD 3.0 billion, with Ontario and Quebec falling 21.5% and 22.9% respectively.
2021-07-02
Canada Building Permits Remain Close to Records
The value of building permits in Canada edged down 0.5% mom to CAD 11.1 billion in April of 2021 but remained close to a record high of CAD 11.5 billion set in March. The declines in the residential sector in British Columbia and Quebec outweighed national gains in the non-residential sector. The value of building permits in the residential sector fell 6.7% to $7.7 billion in April but still remained the second highest on record. British Columbia (-23.7%) and Quebec (-14.9%) accounted for most of this decline. On the other hand, commercial permits surged 28.7% to $1.9 billion in April. A $97 million permit for the Sick Kids patient support centre in the city of Toronto and an $80 million permit for the Centennial Community and Aquatics Centre in the city of New Westminster were among several large permits that were issued in the month.
2021-06-02
Canada Building Permits Beat Expectations in March
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.
2021-05-04
Canada Building Permits Unexpectedly Rise in February
Building permits in Canada increased 2.1% from a month earlier to an all-time high CAD 10.2 billion in February of 2021, against market expectations of a 1.4 percent fall. The value of non-residential permits jumped 14.2% to CAD 3.3 billion, supported by the institutional (27.9%), commercial (11.4%) and industrial (1.9%) segments. Meanwhile, residential construction intentions decreased 2.9% to CAD 6.8 billion, following a record month in January. Permits issued for multi-family dwellings slumped 4.9% to CAD 3.3 billion. Meanwhile, those for single-family homes dipped 1.0% to CAD 3.5 billion, although they remained at historically high levels, with Ontario (CAD 1.5 billion) and Prince Edward Island (CAD 29.1 million) reporting record highs.
2021-04-01

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. .