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.