The value of building permits in Canada advanced by 1.3 percent month-over-month to CAD 10.3 billion in October of 2021, following a downwardly revised 4.1 percent increase in September and against market estimates of a 1 percent fall. Construction intentions in the non-residential sector were up 4.2 percent to CAD 3.4 billion, driven by a 63.2 percent jump in institutional and governmental permits to CAD 1.2 billion and a 10.1 percent rise in commercial construction works to CAD 1.8 billion. Meanwhile, the residential sector shrank 0.1 percent, as a 10.8 percent jump in single-family units to CAD 3.4 billion was offset by an 8.8 percent decline in multi-family units to CAD 3.5 billion. Among Canada’s major provinces, British Columbia (15.0 percent to CAD 1.7 billion) and Ontario (4.5 percent to CAD 4.4 billion) contributed the most to the overall increase. source: Statistics Canada

Building Permits in Canada averaged 2663499.26 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 December of 2021.

Building Permits in Canada is expected to be 9808000.00 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


Calendar GMT Actual Previous Consensus TEForecast
2021-11-02 12:30 PM Sep 4.3% -2% 3.1% 2.5%
2021-12-01 01:30 PM Oct 1.3% 4.1% -1% 1.9%


Related Last Previous Unit Reference
Building Permits 10291311.00 10160701.00 CAD Thousand Oct/21
Housing Index 119.60 118.50 points Oct/21
Home Ownership Rate 68.55 66.30 percent Dec/18

News Stream
Canada Building Permits Unexpectedly Rise
The value of building permits in Canada advanced by 1.3 percent month-over-month to CAD 10.3 billion in October of 2021, following a downwardly revised 4.1 percent increase in September and against market estimates of a 1 percent fall. Construction intentions in the non-residential sector were up 4.2 percent to CAD 3.4 billion, driven by a 63.2 percent jump in institutional and governmental permits to CAD 1.2 billion and a 10.1 percent rise in commercial construction works to CAD 1.8 billion. Meanwhile, the residential sector shrank 0.1 percent, as a 10.8 percent jump in single-family units to CAD 3.4 billion was offset by an 8.8 percent decline in multi-family units to CAD 3.5 billion. Among Canada’s major provinces, British Columbia (15.0 percent to CAD 1.7 billion) and Ontario (4.5 percent to CAD 4.4 billion) contributed the most to the overall increase.
2021-12-01
Canada Building Permits Rebound
The value of building permits in Canada advanced by 4.3 percent month-over-month to CAD 10.1 billion in September of 2021, rebounding from a downwardly revised 2.0 percent decrease in the previous month and faster than market expectations of a 3.1 percent increase. Construction intentions in the residential sector bounced back by 8.2 percent to CAD 6.9 billion, bolstered by a 18.6 percent jump in multi-family units to CAD 3.9 billion, while single family units fell 2.7 percent to CAD 3.0 billion. Meanwhile, the non-residential sector contracted by 3.2 percent, weighed down by a 30.6 percent plunge in institutional and governmental permits to CAD 0.7 billion and a 12.4 percent drop in commercial construction works to CAD 1.6 billion. Among Canada’s major provinces, Ontario contributed the most to the overall growth (6.3 percent to CAD 4.3 billion), while gains were partly offset by a contraction in Quebec (-8.0 percent to CAD 2.1 billion).
2021-11-02
Canada Building Permits Continue to Lower in August
The value of building permits in Canada dropped 2.1 percent from a month earlier to CAD 9.7 billion in August of 2021, following an upwardly revised 4.1 percent decrease in the previous month and far below market expectations of a 3 percent increase. Although most provinces reported higher numbers, the reduction in permits in Ontario (-9.9 percent to CAD 4 billion) and British Columbia (-7.5 percent to CAD 1.4 billion) pulled the national results lower compared to July. Construction intentions in the residential sector were down 8.3 percent to CAD 6.4 billion, driven by a 15.9 percent decrease in multi-family units to 3.2 billion, while single family units edged up 1.2 percent to CAD 3.1 billion. Conversely, non-residential permits rose 12.3 percent to CAD 3.3 billion, led by a 14.9 increase in commercial building permits to CAD 1.8 billion and a 21.9 percent increase in institutional buildings to CAD 0.9 billion, while industrial buildings dropped by 7.3 percent to CAD 0.5 billion.
2021-10-04

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. .