The value of building permits in Canada rose 6.2 percent from a month earlier to CAD 8.1 billion in June 2020, following an upwardly revised 21.6 percent gain in the previous month, as the CAD 687 million Oakridge Centre mixed use redevelopment project in the city of Vancouver helped raise the total national value of building permits to a level comparable to pre-COVID levels. The total value of residential permits increased 7 percent to CAD 5.3 billion, with gains posted in six provinces. The value of permits for single-family homes advanced 6.6 percent to CAD 2.1 billion and for multi-family dwellings rose for the third consecutive month (7.3 percent to CAD 3.2 billion) due to major projects in the census metropolitan area of Vancouver. Also, non-residential permits went up 4.6 percent to CAD 2.7 billion, boosted by institutional permits (47.7 percent to CAD 841 million). On a quarterly basis, the value of permits dropped 17.4 percent compared to the same period of 2019.

Building Permits in Canada averaged 2528629.62 CAD Thousand from 1950 until 2020, reaching an all time high of 9595965 CAD Thousand in April of 2019 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 2020. source: Statistics Canada

Building Permits in Canada is expected to be 7900000.00 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 8200000.00 in 12 months time. In the long-term, the Canada Value of Building Permits is projected to trend around 8250000.00 CAD Thousand in 2021 and 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
8057317.00 7587659.00 9595965.00 57056.00 1950 - 2020 CAD Thousand Monthly
Current Prices, SA


Calendar GMT Actual Previous Consensus TEForecast
2020-05-08 12:30 PM Mar -13.2% -8.4% -20% -15%
2020-05-27 12:30 PM Apr -17.1% -13.4% -11%
2020-06-29 12:30 PM May 20.2% -15.4% 15% -10%
2020-07-31 12:30 PM Jun 6.2% 21.6% 6%
2020-08-31 12:30 PM Jul 6.2% 4%
2020-10-01 12:30 PM Aug
2020-11-30 01:30 PM Sep 1.1%
2020-12-24 01:30 PM Oct


News Stream
Canada Building Permits Rise for 2nd Month
The value of building permits in Canada rose 6.2 percent from a month earlier to CAD 8.1 billion in June 2020, following an upwardly revised 21.6 percent gain in the previous month, as the CAD 687 million Oakridge Centre mixed use redevelopment project in the city of Vancouver helped raise the total national value of building permits to a level comparable to pre-COVID levels. The total value of residential permits increased 7 percent to CAD 5.3 billion, with gains posted in six provinces. The value of permits for single-family homes advanced 6.6 percent to CAD 2.1 billion and for multi-family dwellings rose for the third consecutive month (7.3 percent to CAD 3.2 billion) due to major projects in the census metropolitan area of Vancouver. Also, non-residential permits went up 4.6 percent to CAD 2.7 billion, boosted by institutional permits (47.7 percent to CAD 841 million). On a quarterly basis, the value of permits dropped 17.4 percent compared to the same period of 2019.
2020-07-31
Canada Building Permits Rise the Most in Over 11 Years
The value of building permits in Canada jumped 20.2 percent from a month earlier to CAD 7.4 billion in May 2020, rebounding from a 15.4 percent plunge in the previous month and beating market expectations of a 15 percent rise. It was the largest increase in the value of building permits since March 2009, amid the easing of coronavirus construction restrictions in Ontario, Quebec and Prince Edward Island. The total value of residential permits advanced 18.7 percent to CAD 4.8 billion, as single-family homes rose by a record CAD 518 million (+37.5 percent) and the value of permits for multi-family dwellings increased 9 percent to CAD 2.9 billion, driven by projects in the Montréal and Vancouver census metropolitan areas. Also, the value of commercial permits was up 20.8 percent to CAD 1.5 billion in May, boosted by industrial permits (57.6 percent), commercial (20.8 percent) and institutional (2.8 percent).
2020-06-29
Canada Building Permits Fall the Most in Over 11 Years
The value of building permits in Canada plunged 17.1% from a month earlier to CAD 6 billion in April 2020, following a downwardly revised 13.4% fall in March. It was the largest decline in the value of building permits since October 2008, amid the coronavirus crisis. The total value of residential permits dropped 14.2%, as permits for single family dwellings fell at a record pace (-35.9%) while multi-family dwellings rose 4.8%. Additionally, the value of commercial permits slumped 21.5%, mainly due to industrial permits (-34.7%), commercial (-21.5%) and institutional (-10.5%). Declines were reported in 8 provinces, with the largest in Quebec (-34.1%) and Ontario (-20%). Although most municipalities were still issuing permits in April, Quebec's decision to shut down non-essential construction activity due to the pandemic led to it posting its largest month-over-month percentage fall on record.
2020-05-27
Canada Building Permits Fall 13.2% MoM in March
The value of building permits in Canada declined 13.2 percent from a month earlier to CAD 7.4 billion, following an upwardly revised 8.4 percent fall in the previous month but less than an expected 20 percent tumble. The CAD 1.1 billion national decrease was the largest since August 2014. This reflected notable drops in Ontario (-12.9%), Quebec (-18.1%) and British Columbia (-19.4%), which coincided with efforts to slow the spread of COVID-19. The total value of residential permits went down 13.1% to CAD 4.6 billion, amid declines in permits for single-family dwellings (-15.3%) and multi-family dwellings (-11.1%). In addition, the value of non-residential permits declined 13.3% to CAD 2.8 billion, due to institutional (-15.7%) and commercial permits (-19.7%).
2020-05-08

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. .