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.

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Canada Value of Building Permits

Actual Previous Highest Lowest Dates Unit Frequency
9897160.00 10298149.00 11092209.00 57056.00 1950 - 2021 CAD Thousand Monthly
Current Prices, SA


Calendar GMT Actual Previous Consensus TEForecast
2021-06-02 12:30 PM Apr -0.5% 7.6% -4.8% -4.5%
2021-07-02 12:30 PM May -14.8% 0.2% -0.3% -1.5%
2021-08-04 12:30 PM Jun 6.9% -12.9% 5.5% 2.5%
2021-09-02 12:30 PM Jul -3.9% 7.2% 0.3% 0.4%


News Stream
Canada Building Permits Unexpectedly Drop in July
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%).
2021-09-02
Canada Building Permits Top Estimates in June
The value of building permits in Canada rose 6.9% mom to CAD 10.3 billion in June of 2021, following a downwardly revised 12.9 percent fall in the previous month and beating market expectations of a 5.5 percent increase. Seven provinces contributed to the gain, led by Ontario, which jumped 22.7%. Construction intentions in the residential sector were up 9.1% to $7.2 billion, following two months of lower construction intentions, as multi-family permits surged 13.5% to $3.7 billion, pushed up by high-value permits for new apartment buildings in the census metropolitan areas of Toronto and Hamilton. At the same time, permits issued for single-family dwellings increased 4.7% to $3.4 billion. Construction intentions for the non-residential sector were up 2.2% to $3.1 billion in June, with gains reported in eight provinces, led by Alberta (+32.7%).
2021-08-04
Canada Building Permits Plunge in May
The value of building permits in Canada slumped 14.8% mom to CAD 9.5 billion in May of 2021, following four consecutive months of record highs. Every component was down, with multi-family dwellings in Ontario accounting for nearly three-fifths of the overall national decline. The value of permits issued in the residential sector pulled back 16.0% to CAD 6.5 billion, as permits for multi-family dwellings dropped 20.6% to CAD 3.3 billion in May, the lowest value since August 2020. Construction intentions for the non-residential sector were down 12.2% to CAD 3.0 billion, with Ontario and Quebec falling 21.5% and 22.9% respectively.
2021-07-02
Canada Building Permits Remain Close to Records
The value of building permits in Canada edged down 0.5% mom to CAD 11.1 billion in April of 2021 but remained close to a record high of CAD 11.5 billion set in March. The declines in the residential sector in British Columbia and Quebec outweighed national gains in the non-residential sector. The value of building permits in the residential sector fell 6.7% to $7.7 billion in April but still remained the second highest on record. British Columbia (-23.7%) and Quebec (-14.9%) accounted for most of this decline. On the other hand, commercial permits surged 28.7% to $1.9 billion in April. A $97 million permit for the Sick Kids patient support centre in the city of Toronto and an $80 million permit for the Centennial Community and Aquatics Centre in the city of New Westminster were among several large permits that were issued in the month.
2021-06-02

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. .