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.

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Canada Value of Building Permits



Calendar GMT Actual Previous Consensus TEForecast
2022-12-05 01:30 PM Oct -1.4% -18.2% 3.9% 0.9%
2023-01-09 01:30 PM Nov 14.1% -5.3% -0.1% 0.3%
2023-02-02 01:30 PM Dec 14.1% -5% -1.8%


Related Last Previous Unit Reference
Building Permits 11033887.00 9670842.00 CAD Thousand Nov 2022
Housing Index 125.50 125.50 points Dec 2022
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, renovations. It includes expenditures on materials, labour, profit and overheads. .
Actual Previous Highest Lowest Dates Unit Frequency
11033887.00 9670842.00 12658480.00 57056.00 1950 - 2022 CAD Thousand Monthly
Current Prices, SA

News Stream
Canadian Building Permits Soar in November
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%).
2023-01-09
Canada Building Permits Unexpectedly Fall for 2nd Month
The total value of building permits in Canada decreased by 1.4% over the month to CAD 10 billion in October of 2022, following an upwardly revised 18.2% surge in the prior month, defying market expectations of a 3.9% rise. The residential sector fell 6.4% to CAD 6.5 billion, led by declines in the multi-family component (-6.9%), mostly in Ontario and Nova Scotia; and single-family homes (-5.8%), as eight provinces posted a drop in construction intentions. Meanwhile, the non-residential sector grew 9.5% to CAD 3.5 billion, as strong increases in both the commercial (18%) and industrial segments (16.2%) more than offset a decline in the institutional component (-17.1%).
2022-12-05
Canada Building Permits Fall More than Expected
The total value of building permits in Canada fell 17.5 percent to $10.2 billion in September of 2022, much more than market expectations of a 6.1 percent decrease. Both the residential (-15.6 percent to $7.0 billion) and the non-residential (-21.5 percent to $3.2 billion) sector posted declines. Construction intentions in the single-family homes component declined 7.7 percent and those in the commercial component fell 11.5 percent.
2022-11-03