The total value of building permits in Canada fell 4.1 percent to CAD 9.1 billion in December of 2020, compared to market expectations of a 5 percent decline and following a downwardly revised 12.5 percent surge in November. The value of non-residential permits slipped 10.8 percent to CAD 2.7 billion, amid declines observed in commercial (-9 percent); industrial (-24.4 percent) and institutional (-6.1 percent) segments. The value of residential permits edged down 0.9 percent to CAD 6.4 billion after posting a record setting month in November, as permits issued for multi-family dwellings declined 7.2 percent to CAD 3.3 billion. Meanwhile, permits for single-family homes rose 7.0 percent to CAD 3.1 billion, surpassing the previous record of CAD 2.9 billion set in October 2016. The total value of building permits fell 2.3% in 2020, the largest annual decrease since the recession in 2009. source: Statistics Canada
Building Permits in Canada averaged 2572519.02 CAD Thousand from 1950 until 2020, reaching an all time high of 9595965 CAD Thousand in April of 2019 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 February of 2021.
Building Permits in Canada is expected to be 8100000.00 CAD Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Building Permits in Canada to stand at 8250000.00 in 12 months time. In the long-term, the Canada Value of Building Permits is projected to trend around 8350000.00 CAD Thousand in 2022, according to our econometric models.