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.

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Canada Value of Building Permits

Actual Previous Highest Lowest Dates Unit Frequency
10902853.00 10319425.00 10902853.00 57056.00 1950 - 2021 CAD Thousand Monthly
Current Prices, SA


Calendar GMT Actual Previous Consensus TEForecast
2021-01-28 01:30 PM Dec -4.1% 12.5% -5% -10%
2021-03-03 01:30 PM Jan 8.2% -4.4% 3.5% 2.9%
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%


News Stream
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 Building Permits Hit Record High
Building permits in Canada increased 8.2 percent to an all-time high of CAD 9.9 billion in January of 2021. Figures beat forecasts of a 3.5 percent gain, mainly driven by the residential sector as people move away from big cities due to the coronavirus pandemic. The value of permits issued in the residential sector increased 10.6 percent to CAD 7.1 billion, attributable to single-family homes, which climbed 15.1 percent to a record CAD 3.5 billion. Much of the gain came from regions outside of census metropolitan areas. Multi-family permits increased 6.5 percent to CAD 3.5 billion, mainly driven by higher construction intentions in Ontario. The total value of permits issued for non-residential buildings rose 2.6 percent to CAD 2.8 billion.
2021-03-03
Canada Building Permits Fall Less than Expected
The total value of building permits in Canada fell 4.1 percent to CAD 9.1 billion in December of 2020, compared to market expectations of a 5 percent decline and following a downwardly revised 12.5 percent surge in November. The value of non-residential permits slipped 10.8 percent to CAD 2.7 billion, amid declines observed in commercial (-9 percent); industrial (-24.4 percent) and institutional (-6.1 percent) segments. The value of residential permits edged down 0.9 percent to CAD 6.4 billion after posting a record setting month in November, as permits issued for multi-family dwellings declined 7.2 percent to CAD 3.3 billion. Meanwhile, permits for single-family homes rose 7.0 percent to CAD 3.1 billion, surpassing the previous record of CAD 2.9 billion set in October 2016. The total value of building permits fell 2.3% in 2020, the largest annual decrease since the recession in 2009.
2021-01-28

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. .