The total value of building permits in Canada fell by 1.5% over the month to CAD 11.9 billion in June of 2022, following a downwardly revised 1.6% rise in the prior month, in line with market expectations. The permits in non-residential sector fell 10.4% to CAD 3.7 billion, after reaching the second-highest monthly value a month earlier, as decreases in the institutional (-32.2%) and commercial (-2.7%) sectors outweighed gains in the industrial component (+0.6%). Meanwhile, the residential sector increased 3.1% to CAD 8.2 billion, with a 6.5% rise in multi-family units more than offsetting a 0.6% decrease in single-family units. source: Statistics Canada

Building Permits in Canada averaged 2748806.10 CAD Thousand from 1950 until 2022, reaching an all time high of 12658480 CAD Thousand in February of 2022 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 August of 2022.

Building Permits in Canada is expected to be 11553693.00 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 11943053.00 CAD Thousand in 2023 and 12254541.00 CAD Thousand in 2024, according to our econometric models.

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Canada Value of Building Permits



Calendar GMT Actual Previous Consensus TEForecast
2022-07-05 12:30 PM May 2.3% -1% 2.4% -0.2%
2022-08-04 12:30 PM Jun -1.5% 1.6% -1.5% -1%


Related Last Previous Unit Reference
Building Permits 11899988.00 12076102.00 CAD Thousand Jun 2022
Housing Index 125.90 125.70 points Jun 2022
Home Ownership Rate 68.55 66.30 percent Dec 2018

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
11899988.00 12076102.00 12658480.00 57056.00 1950 - 2022 CAD Thousand Monthly
Current Prices, SA

News Stream
Canada Building Permits Drop in June
The total value of building permits in Canada fell by 1.5% over the month to CAD 11.9 billion in June of 2022, following a downwardly revised 1.6% rise in the prior month, in line with market expectations. The permits in non-residential sector fell 10.4% to CAD 3.7 billion, after reaching the second-highest monthly value a month earlier, as decreases in the institutional (-32.2%) and commercial (-2.7%) sectors outweighed gains in the industrial component (+0.6%). Meanwhile, the residential sector increased 3.1% to CAD 8.2 billion, with a 6.5% rise in multi-family units more than offsetting a 0.6% decrease in single-family units.
2022-08-04
Canada Building Permits Rebound in May
The total value of building permits in Canada rose by 2.3% over the month to CAD 12.1 billion in May of 2022, following an upwardly revised 1% decrease in the prior month and slightly below market forecasts of a 2.4% gain. The non-residential sector increased 7.0% to CAD 4.3 billion, as gains in the commercial (+15.6%) and institutional (+4.3%) sectors outweighed losses in the industrial component (-6.1%). Meanwhile, the residential sector edged down 0.1% to CAD 7.8 billion, with a 5.9% slump in multi-family units more than offsetting a 7% rise in single-family units. Among Canada’s major provinces, New Brunswick (+24.6%) and British Columbia (+22.9%) contributed the most to the overall increase.
2022-07-05
Canada Building Permits Unexpectedly Fall in April
The total value of building permits in Canada fell 0.6 percent to CAD 11.7 billion in April of 2022, following a downwardly revised 6.3 percent slump in the prior month and against market forecasts of a 0.7 percent rise. The residential sector fell 3.3 percent to CAD 7.7 billion, led by declines in the multi-family component (-4.4 percent) and single-family homes (-2 percent), mainly due to lower intentions in Ontario and British Columbia. Meanwhile, the non-residential sector grew 5 percent to CAD 3.9 billion, driven by both the industrial (+35.1 percent) and institutional (+7.2 percent) segments.
2022-06-02