Canada Building Permits Rebound Sharply in March

2026-05-19 13:09 By Isabela Couto 1 min. read

Canada’s building permits rose 10.3% month-on-month to C$13 billion in March 2026, rebounding from a 7.8% decline in the previous month and beating forecasts of a 3% increase.

The value of non-residential permits increased by C$1.5 billion to C$5.5 billion, led by the institutional component, which rose C$817.1 million.

The industrial and commercial components also contributed, increasing by C$473.2 million and C$238 million, respectively.

Meanwhile, residential construction intentions fell C$270.6 million, or 3.3%, to C$8 billion, mainly due to a decline in the multi-family component, while single-family permits were little changed.

In the first quarter of 2026, the total value of building permits rose 1.1% from the previous quarter to C$39 billion.



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