The total value of building permits in Canada fell 0.6 percent to CAD 11.7 billion in April of 2022, following a downwardly revised 6.3 percent slump in the prior month and against market forecasts of a 0.7 percent rise. The residential sector fell 3.3 percent to CAD 7.7 billion, led by declines in the multi-family component (-4.4 percent) and single-family homes (-2 percent), while the non-residential sector grew 5 percent to CAD 3.9 billion, driven by both the industrial (+35.1 percent) and institutional (+7.2 percent) segments. source: Statistics Canada

Building Permits in Canada averaged 2724994.61 CAD Thousand from 1950 until 2022, reaching an all time high of 12543474 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 July of 2022.

Building Permits in Canada is expected to be 11475821.00 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.

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Canada Value of Building Permits



Calendar GMT Actual Previous Consensus TEForecast
2022-05-09 12:30 PM Mar -9.3% 24.6% -8% 0.5%
2022-06-02 12:30 PM Apr -0.6% -6.3% 0.7% -3.8%


Related Last Previous Unit Reference
Building Permits 11679415.00 11755040.00 CAD Thousand Apr 2022
Housing Index 125.70 125.10 points May 2022
Home Ownership Rate 68.55 66.30 percent Dec 2018

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. .
Actual Previous Highest Lowest Dates Unit Frequency
11679415.00 11755040.00 12543474.00 57056.00 1950 - 2022 CAD Thousand Monthly
Current Prices, SA

News Stream
Canada Building Permits Unexpectedly Fall in April
The total value of building permits in Canada fell 0.6 percent to CAD 11.7 billion in April of 2022, following a downwardly revised 6.3 percent slump in the prior month and against market forecasts of a 0.7 percent rise. The residential sector fell 3.3 percent to CAD 7.7 billion, led by declines in the multi-family component (-4.4 percent) and single-family homes (-2 percent), mainly due to lower intentions in Ontario and British Columbia. Meanwhile, the non-residential sector grew 5 percent to CAD 3.9 billion, driven by both the industrial (+35.1 percent) and institutional (+7.2 percent) segments.
2022-06-02
Canada Building Permits Fall from All-Time High
The total value of building permits in Canada fell 9.3 percent to CAD 11.7 billion in March of 2022, following an upwardly revised 24.6 percent surge to a record CAD 12.9 billion in the previous month and compared to market expectations of an 8.0 percent decline. Construction intentions in the residential sector were up 4.7 percent, while the non-residential sector slumped 29.5 percent, due to two large hospital permits issued in February, in Quebec and British Columbia.
2022-05-09
Canada Building Permits Rise to a Record High
The total value of building permits in Canada rose 21.0 percent over the month to a record high of CAD 12.4 billion in February of 2022, rebounding from an upwardly revised 8.2 percent decline in the previous month, with British Columbia (+130.2 percent) leading the way. Construction intentions in the residential sector were up 9.8 percent, while the non-residential sector jumped 43.2 percent, driven mainly by large hospital permits in British Columbia and Quebec.
2022-04-04