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.