The value of building permits in Canada declined 2.4 percent from a month earlier to CAD 8.1 billion in November 2019, after falling 1.5 percent in the previous month and against market expectations of a 1 percent gain. The value of residential permits slumped (-4 percent to CAD 4.7 billion), as the decrease in the multi-family segment (-11.3 percent to CAD 2.5 billion) more than offset the rise in the single one (5.6 percent to CAD 2.3 billion). Also, the value of permits in the non-residential sector dropped (-0.1 percent to CAD 3.3 thousand), as a sharp decline in commercial permits component (-13.5 percent to CAD 1.7 billion) outweighed increases in both the industrial (24.5 percent to CAD 0.8 billion) and the institutional segments (14.5 percent to CAD 0.9 billion). The value of building permits were down in six provinces, led by Ontario (-5.7 percent to CAD 3.2 billion).
Building Permits in Canada averaged 2481515.26 CAD Thousand from 1950 until 2019, reaching an all time high of 9477516 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. source: Statistics Canada
Building Permits in Canada is expected to be 8200000.00 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 8150000.00 in 12 months time. In the long-term, the Canada Value of Building Permits is projected to trend around 8250000.00 CAD Thousand in 2020, according to our econometric models.