The value of building permits in Canada fell 3.9% over a month to C$ 9.9 billion in July of 2021, following an upwardly revised 7.2 percent hike in the previous month and missed market expectations of a 0.3 percent increase. All but three provinces contributed to the loss, primarily in Alberta, where permits plunged the most (-23.4%). Construction intentions in the residential sector went down 3.1% to C$7.0 billion, mostly in Ontario (-10.5%). The drop was exclusively driven by single-family permits (-9.6% to C$3.1 billion), while multi-family dwellings went up (+2.7% to C$ 3.9 billion) amid a rise in high-value permits for new apartment condos in the census metropolitan areas of British Columbia. Construction intentions for the non-residential sector fell by 5.6% to $2.9 billion in July, as slumping permits in Alberta (-46.9%) offset Ontario’s strong performance (+17.3%). source: Statistics Canada
Building Permits in Canada averaged 2637600.07 CAD Thousand from 1950 until 2021, reaching an all time high of 11092209 CAD Thousand in March 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 September of 2021.
Building Permits in Canada is expected to be 10017123.00 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 10331948.00 CAD Thousand in 2022 and 10583808.00 CAD Thousand in 2023, according to our econometric models.